also to blame
Americans are largely to blame for allowing our country to run itself off the tracks.
The entire definition of a market is "winners and losers". Once our government began selecting winners and letting others become losers the market as we knew it was gone yet it continues to chug on.
GE's stock went down to around $4 until uncle sam came in and gave them corporate welfare.
The poor Americans want to shop at walmart and mortgage their homes 104% and the government is more than happy to be there to back those mortgages with printed money and debt.
I had experience banking with Wells Fargo via next day usps priority mail.
I was sending cash $500-1000 every few days and they told me to stop mailing cash. I started to send checks and they were depositing them in other peoples accounts using fake names to sign for the mail.
I caught them red handed using fake names when a check didn't post and the postal service provided me with a signature while wells fargo was denying it ever arrived.
Fake, no person there, or at least that's what I was told.
So you can't place all the blame on the bankers, they do provide a service.