All across Europe and North America governments have allowed banks destroy their citizens lives time and time again in a business cycle as old as capitalism and seem to collectively shrug their shoulders and ask - "what do you expect us to do about it?".
That the CEO of a failed Irish bank that 24 months ago needed tax payers money to survive earns 4 times the salary of the Taoiseach and gets to do the 2 finger wave in relation to salary caps goes a long way to demonstrating the contempt banks have for governments, but more importantly the complete lack of authority governments exert on banks.
These banks have systematically worked through Europe bringing more destruction than an invading army, but ultimately bar a few casualties at lower and middle management the big guys are still either pensioned off with golden parachutes or still calling the shots.
I know governments and banks shouldn't mix and governments need to leave the "free market" alone for it to work properly, but it seems no matter what they do it's tails I win, heads you lose for the bankers and the only loser is the tax payer or bank customer. Now the trust in banks has hit a new ebb that may well destabilize the global economy at a time when growth is very much required, but still government seem powerless to intervene to protect their citizens.
Simple question - why?