I made a post a while ago about the revolving doors here at the banks in
Another “president” was heralded for her “great” tenure at a local bank here in
The stories go on and on.
However, this brings up a very important point if we are ever to improve our financial system and stop another such debacle from happening again. The regulators have to go after the people who did this, not the banks.
I don’t know of one bank in
The consequences can reliably be predicted to be, of course, shitty.
Since we’re not targeting the problem (the people who caused this), but rather the entities or shells they used to cause this economic crisis (the banks), the problem will continue and there will be no genuine justice.
I asked an insider in the regulatory world who shall remain nameless if they authorities were going after the people or the banks and s/he said, unfortunately they’re going after the banks, not the people.
Grand. The OTS, the NCUA, the OCC and the FDIC are not targeting the cancerous scumbags who are corrupting the system, but the vehicles or legal entities they infect. It seems banks will be forever in perpetuity, shitty.