QOTD: Barry Ritholtz on Banks

The greatest triumph of the banking industry wasn’t ATMs or even depositing a check via the camera of your mobile phone.  It was convincing Treasury and Justice Department officials that prosecuting bankers for their crimes would destabilize the global economy.  It was a license to steal, and its one they have exploited relentlessly.  It was a license to steal, and its one they have exploited relentlessly.

—Barry Ritholtz

 

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