Bankers Need to Stop Hiding in Their Bunkers
By Karen Shaw Petrou
In the past few days, banking has faced market upheaval and political attack that put the industry under stress not seen since the Great Depression and Franklin Roosevelt’s concerted attack on “economic royalists.” The acid bath of the 1930s redefined commercial banking for the next sixty years. Will persistent unemployment, the populist movement on the street against big banks and, now, presidential vilification do the same?