So who is to blame….The Fed, reduced regulations, poor management, poor oversight. Will management, including the board, lose their bonuses? They should. Frankly, I think the media don’t help by reporting the possible run on banks. People read or hear that customers (individuals or companies) money is at stake and panic. Good to know the truth but without scaring people … a difficult balance I suppose. Anyway, it was a good article.
Climate tech becomes too big to fail, and two more hard lessons from a wild weekend
So who is to blame….The Fed, reduced regulations, poor management, poor oversight. Will management, including the board, lose their bonuses? They should. Frankly, I think the media don’t help by reporting the possible run on banks. People read or hear that customers (individuals or companies) money is at stake and panic. Good to know the truth but without scaring people … a difficult balance I suppose. Anyway, it was a good article.