People hate bankers because they take an amoral approach to capital allocation.
This is okay in a regulated state system, but when the revolving door, corruption, and lobbying are used to deregulate the sound regulations or transform capitalistic systems into crony capitalism or predatory capitalism or monopolize entire market segments through collusion, or commit a fraud so massive that it almost brings down the entire world economy, people get pissed.
Like for example Enron. Enron was Goldmans golden goose black box. So Gokdman was funding Enron with off the book loans to increase asset values.
Meanwhile Enron is colluding with energy companies in California to shit down power plants in California to create a lean energy environment in California's newly "deregulated free market" energy market.
The problem was that energy is an inellastic commodity so Enron would purchase spare capacity, hit the energy production crearing a shortage and the spot price of a kW of electricity (10 cents worth) would hit $2000 dollars.
Since the energy companies had to buy it bankrupted three of the largest utility companies in the world. Then California itself the 7th largest economy in the WORLD acted as a backstop which Enron then forced into bankruptcy.
The governor was impeached. Enron went bankrupt, thousand lost their jobs, California was scammed for multiple billions of dollars, and elderly people died in their fucking homes because they couldn't run the AC.
I could go on about copper cillusion, offshoring, supply side restrictions, outright fraud, front running, market manipulations, etc.
But ultimately IB is a race to the bottom with a hugely corrupting influence of money.
Even Greenspan said he was horribly wrong in his approach to monetary policy.
You are a necessary evil: but don't forget you are an evil.