How are banks ‘struggling’?

I am writing today in regards to the article, “Sen. Angel has overflowing plate of issues in Olympia next legislative session,” (page A1, Dec. 2 Port Orchard Independent; Dec. 1 KitsapDailyNews.com).

I understand that our elected public officials do not have a lot of time to address their constituents, but I am asking for clarification on a statement she made: “I’m really hopeful that with the Trump administration coming in, we’ll get some sort of relief for our banks and credit unions at the national level, because right now, they’re struggling.”

So, the way I see it, the banks and their complete disregard for our economy, by gambling with hard working people’s money, created the recession that we are still clawing our way out of.

I do not understand how the banks are “struggling.” In the year 2015, U.S. bank executives seemingly got double-digit pay raises across the board (while the pay for European and Canadian bank CEOs make about half as their U.S. counterparts and much more modest pay increases). Jaime Diamond, CEO of JPMorgan Chase, earned $27 million in 2015, compared to $20 million in 2014.

How about focusing more on Kitsap education and property inequality and less for those poor, unfortunate banks … life can be so hard for them.

Shannon O’Connell

Bremerton