I often hear it said that this country may need to experience a societal, political, or economic revolution if it is ever going to restore its sense of purpose and regain its stability. That may well be necessary but what this country needs above all is a financial revolution that will shake the foundations of those institutions and result in reforming the entire system.
But as is so often the case when we discuss how America needs to undergo these critically important changes the question is: who and what will make it happen? And, of course, right now that's a very difficult question to answer. But sometimes small steps have to be taken to eventually turn into big changes.
There is no question that President Obama, Attorney General Holder and the Congress have completely failed to bring these banking industry CEOs to justice for their complicity in these fraudulent financial schemes. However, millions of Americans are also directly responsible for this dilemma because they have clearly seen what is going on, that violations of the law are being committed, and that CEOs continue to get off scott free. And they have chosen to continue to do business with these shysters even when they see their taxpayer dollars used time and again to rescue these banks from insolvency of their own making.
It's time that this festering problem is brought to an end; enough is enough and change must come. Millions of Americans have the power and should use it to cut their ties to these Big Five banks and their deceitful CEOs. There are, of course, some people who have existing accounts with these banks, retirees that would find it difficult to make a change. That is understandable but they should at least refrain from initiating new type accounts; but others who have the ability to switch to ethical and honest local banks should do so without hesitation. People have to understand that if they keep doing business with these corporate swindlers then they are directly aiding and abetting their extremely specious activities.
Critically needed change can come if the people, for once, use their collective power and send a clear message to these banks and their CEOs that no more of this white collar crime will be tolerated. If the banks, after getting that message, still refuse to change their ways then it's highly possible that one or two will collapse as a great many of their customers take their business elsewhere. And then maybe, just maybe it will finally force those in this government who are responsible to end the bailouts and show these banks that they and their CEOs are not too big to fail and can no longer remain above the law.
Michael Payne
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