—Now, the financial middle men want to place people at even more risk, even while their own risks are almost zero under “too-big-to-fail” and “systematically important” provisions
—They want to win even more revenue and they’re keen also to stoke their already unjustified political power, even though they are simple, glorified money changers — essentially, utilities; they are far from the magicians they think they are — they take trillions of tax-payer money, middle man it, then pay themselves huge salaries and bonuses for doing so; in crime syndicates, it’s called “skimming” (and you get murdered by the mafia boss for it, if caught)
—The abandonment or erosion of net-zero-finance alliances — which were always mainly symbolic and potentially greenwash, it seems to me — is still hugely damaging to ambitious climate action because of the importance of the institutions involved and signals it sends.

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https://open.substack.com/pub/carrzeesustain/p/selfish-reckless-bankers-delay-lucrative?r=rbths&utm_medium=ios