Banks Selling Investments

The history of banking is not a glorious history. Frequently small and sometimes vicious money lenders managed to acquire a cloak of respectability which covered their hideous bodies by making a lot of money and becoming indispensible to people who wanted to borrow money in order to make a lot of money of their own. It should not surprise us then when banks are exposed in some wrongdoing; it should be the exposure that should surprise us, not the wrongdoing. Continue reading