he lack of any lobbying effort by the banks perhaps explains why things have gotten so chaotic. What Congress and the White House are accustomed to doing is taking their policy directions from corporate lobbyists, and then arranging the stagecraft so that they give the appearance we are operating in a democracy while working towards a predetermined end. Playing “pass the hot potato,” so to speak. Without that direction, all they know how to do is play out a crude game of brute force politics.

It may well be that the banks just stayed out of it for too long thinking everything would be fine, and now the game has taken on a life of its own, and intercession is impossible.

Seeing that large banks are the most powerful political entity in America and one of the only institutions members of Congress will practically trip over each other in their rush to save from their own mistakes, I’m left wondering why all the major labor unions don’t get in on the action by starting their own [...]