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huntingteacher25 t1_iw9p2zi wrote

Reply to comment by dressageishard in TIL JP Morgan bailed out banks in 1907 but a severe recession occured anyway. Nelson Aldrich, a powerful senator with close ties to Morgan, led a mission to Europe in 1908 to study the workings of the central banks in England, France and Germany. The Federal Reserve was created a short time later by mankls3

The banks we had to bail out were plenty crooked. The banks I worked for preyed on the poor. I think I was honest too, but until I quit I was complicit.

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dressageishard t1_iw9q1fv wrote

I was lucky in my career. I never worked for a predatory lender.

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EricCarver t1_iw9rpjf wrote

Then you worked for a bank that did business with a predatory banker. We’re you a banker at a credit union? If so, which major bank was the bank they did transactions through?

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