Barely ten years after the last financial crisis, when the elite banks were deemed too big to fail, the Dodd-Frank regulations to curb avarice and self-dealing are being rolled back. It’s just too difficult for banks to comply with safe and ethical business practices. Isn’t the whole point of banks safety and ethics? Aesop tells of a farmer who was as charitable as he was unwise. Walking his land one winter day, he came upon a snake stretched out on the snow, petrified, frozen, paralyzed and immobilized. With no more than a quarter hour to live, the villager picked up the snake and brought him to his home. There, without considering the rent he would pay for his good deed,…
We Give Corporations Permission to Squeeze the Life Out of Us: The Villager and The Snake