Big banks big winners in “debate of the century”

first_img 14SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr According to The Hill newspaper,  the “Debate of The Century” lived up to its billing. If that’s true then my increasing pessimism  about the future of this country is totally justified.  I’m not joking.From the perspective of the financial services industry, the biggest winner in last night’s reality T.V. show masquerading as a Presidential debate was the banking industry.  I know people are busy constructing their own alternate realities, and that we had to get to the real important stuff like Clinton’s stamina and Trump’s comments to Howard Stern and talk show host Sean Hannity.  But was I really expecting  too much for thinking that moderator Lester Holt would ask something along the lines of: “Eight years ago the country suffered its greatest economic crisis since the Great Depression and the nation’s largest banks had to be bailed out with taxpayer dollars.  Do you believe that more needs to be done to prevent us from bailing out banks in the future?” I’m also more than a little surprised that we didn’t hear one mention from Hillary about the Wells Fargo Account scandal or that Trump didn’t point to the CFPB as over-regulator #1. continue reading »last_img read more