Banks and Congress: Yellen unrealistically calls for moral responsibility

from missoulian.com

So Janet Yellen, our new Fed chair, thinks the big banks have a “moral responsibility” to reduce economic insecurity. I think she misses a basic truth about banks – they have no morals. They are fictional constructions of law, run by “banksters” for the purpose of enriching themselves.

It is those banksters in whom we must inspire a sense of morality and ethics. There is no better tool than a “time out” to reflect on our mistakes, as any kindergarten teacher can tell you. I would suggest three to five with time off for good behavior if fewer than 500 people are hurt, while cases like Jamie Dimon might need a few decades to wake them up. This is the only way we will see any “moral responsibility” from our banks.

Speaking of banksters and morons, oops, I mean morals, as long as we continue filling Congress with millionaires, Congress is going to do what’s best for millionaires. Two more old, arrogant, wealthy white men, regardless of party, will only make things worse. We should do the morally responsible thing and send two women instead. Register and vote, early and often! It’s the least we can do.

Bob Petersen, Missoula