The principled belief that a stronger local, state and national community results in a stronger more consistent bottom line for lending institutions is not just feel good chatter. In fact, their existence relies upon this business principle.
Since 2008, we've seen example after stunning international example of no-strings-attached socialization of losses and privatization of gains. Nothing has changed for the better, because big money interests like it this way.
Our finance industry is on the attack again. The industry target now is the Volcker rule -- the proposed rule that would limit the ability of banks to trade for their own account. Leading the attack has been JPMorgan CEO Jamie Dimon.