OK for you, Bankers.

All right. Here's the deal. After the "Great Depression", our government put some pretty tight regulations on bankers. Some felt they were too tight. Maybe yes, maybe no, but there was no dreadful collapse of our economy for quite a long time. Then in the 80s things started to loosen up. Most folks thought Bankers had learned a really good lesson and anyway there was government guarantees on bank accounts etc. So some of the regulations came off, but also some new innovations to banking began to show up. Some folks have called them shadow-banking innovations and institutions, with no regulation what-so-ever. Now was the time for some very high flying. Big bucks, and I mean big bucks started flowing to the high-fliers. None of them gave any thought to bubbles bursting or bottoms falling out. It was just giant bonuses all the way baby. Well, of course, bubbles did burst and bottoms did fall out, but the high-fliers still wanted those giant bonuses even if they were to blame for the crash-landing. See, they still don't believe they're at fault. So when a responsible government wants to place some regulation on these high flying innovations, who do you think is fighting it? I can tell you this much, it ain't the folks who lost their retirement plans or homes. It's the high-fliers and the congressional types who depend on the largess from these high-fliers. Sorta like saying, "Don't tread on my campaign donors". Don't ya just love politicians too. They assure you they have your best interests at heart while they're cutting your heart out to sell to somebody else. They're poster children for term limits. They're almost as bad as the high-flying bankers they represent. Well, OK, they're worse.