However, this is nothing new. Back in the founding ages of the United States, banks were already beginning to cause trouble. In fact, there was a lot of disagreement over whether or not we should even have banks, and President Jackson is well known for his famous Bank Veto. Nevertheless, with the war, it became necessary to have a bank; so, we got one.
However, many citizens were just as unable to handle and manage their credit properly back then as they are now. Eventually, it became a business for banks and lenders (and loan sharks) to issue loans and later collect (often absurd) amounts of interest on them.
As time passed, many rules and regulations have been placed on banks, but they still just don't know how to behave. After all, if Wells Fargo had been "behaving," then maybe it wouldn't have collapsed!
This latest story is another example of what happens when banks go bad.
"A California man’s protest against banking excess could put him in jail for more than a decade, while apparently landing him in the middle of the ongoing feud between the mayor of San Diego and the city attorney."
Is writing "No thanks big banks" and "Shame on Bank of America" in sidewalk chalk (yes, the one from your long gone childhood) PROTEST? For his "protest" Jeff Olson was charged with 13 counts of vandalism by city Attorney Jan Goldsmith, although he has yet to be convicted. Do you think he should be convicted?
What about his First Amendment right to free speech?
Well, those were struck down by Judge Howard:
"In light of the fact that it’s clear in the case law, vandalism is not a legitimate exercise of free speech rights. It really is irrelevant what the message is, or content is."
Deputy City Attorney Paige Hazard went on to add:
"Circumventing the rules, without permission, under the color of night, and now waving a banner of the First Amendment, does not negate the fact that defacement occurred, a private business suffered real and substantial monetary damages, and Defendant is responsible."
To put some icing on the cake on injustice, Olson duly noted and reported:
"Jan Goldsmith has received campaign contributions from Bank Americorp and Merrill Lynch. I think this is mostly about Goldsmith for Mayor 2016."
Instead of buying the law to protect their profits, banks should be doing what they can to support the American people in what have become some very tough economic times.
Author Bio: Jennifer Machie writes for Jason McMinn, a personal injury specialist at the McMinn Law Firm.