Investment Banking is a dangerous game. There’s no question about it. Especially when there is little to no liability.

2012 has been a hard year for banks in general. There have been a large number of scandals and people are just sick and tired of Banks.

Thomas Jefferson once said, “I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” 

Investment Banking is only dangerous because banks are dangerous. They care nothing about their customers and more about achieving a profit. This attitude coupled with almost no liability leaves Banks with far too much power than they deserve. I believe the article is right in stating that Banks need to start feeling the consequences of their reckless attitude.