You Would Think ...

That's quite a lot of bacon!

You would think that the banks would have the common decency to shut the "*@x!" up about credit unions when confronting press headlines like this:  

"BANKS HIT BY $100 BN IN U.S. LEGAL SETTLEMENTS SINCE CRISIS"

(FRONT PAGE, FINANCIAL TIMES - 3/26/2014)

And the content of the article certainly didn't soften the blow any:  

"Wall St. banks have paid out $100bn in U.S. legal settlements since the financial crisis, according to an FT study of 200 fines and restitutions since 2007.  Just over $52bn of the total was paid out in 2013.  During stress tests last week,  the Federal Reserve found the biggest banks could still face a further $151bn bill for operational risk, repurchasing soured mortgage bonds…"

But, nothing seems to humble their hubris even though….

We got "banked" !!

…. none of that $100bn has flowed down to the millions of "real-life" Americans who lost their jobs, their homes, and quite often their hope for the future because they trusted in America's banks.

The Financial Times, the Federal Reserve, the U.S. Congress all know where the real problem lies… 

… and so do the American people.