“We Deserve a Better Banking System”

By Wolf Richter: The foreign exchange rigging-and-ripoff scandal is just the latest in an endless series of banking scandals that continue to fester and that never land anyone in jail. The traders, their bosses, and their bosses’ bosses, all the way up, aren’t even perpetrators. Banks – that is stockholders who had nothing to do with this – pay some fines, those actually involved get their bonuses – or in “harsh” cases, end up at another bank and collect their bonuses there – while their customers and clients get screwed, and life goes on. Source
So here’s an utterly frustrated banking reporter who’s just had it with this endless wrongdoing and impunity.