what happened to banks making just loans

Deregulation. Before the conservative revolution, banking was boring. Economic growth was high, and banks pretty much never exploded. It fucking worked. Now the banking sector involved in all of this weird shit that produces artificially inflated returns for a decade or so and eventually causes the world to explode. The economy is also growing at a slightly slower rate, and whereas this had all be relatively evenly distributed before, now it almost all goes to the 1%. Clearly, the latter situation is better.
 
They are only able to make such profits because we're allowing them to bargain away our nations economic foundation in return for them. The wealth that they've accrued from these practices is only reflective of their fitness in the way that they must be very clever to convince society to allow them to screw it so hard, and we must be very stupid to allow them to do it. America is like the idiot that buys Monster cables for hundreds of dollars; yes, the banks deserve your money, and you deserve to be screwed. You're a fucking idiot.
 
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