the Federal Reserve has actually fucked over banks the last decade with their insanely and artificially low interest rates.

Look at the stock returns of banks over the last decade and compare it to big tech, and you will see who is really pulling the strings in DC. In the past, it used to be if you wanted a high paying job, you go to Wall Street, that has shifted to big tech where starting and average salaries are much higher.

If there was no Fed, interest rates would be much higher, and banks would be the sole providers of capital, and would charge a fortune for access to it via high interest rates