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The bank doesn’t exist any more, the stockholders were wiped out and leaders will have lost tens of millions. How is that not being held responsible?
by colechristensen 4y ago
The bank doesn’t exist any more, the stockholders were wiped out and leaders will have lost tens of millions.
How is that not being held responsible?
- rvnx 4y agoThey still keep the salaries, the bonuses, the supercars, etc. And the customers who didn't want to ask questions how they were paying 5% interest on cash while equity was going down and bonds all-time low... They benefited from the scheme as well, they are not victims. The real victim is the taxpayer (or indirectly other bank customers through insurance mechanism) that is going to cover the losses.
- f6v 4y agoLoosing money is not being responsible. By that logic, I’m bearing the responsibility if my ETF go down in price.
- rvnx 4y agoThis is like the FB announcement where Zuck is "taking responsibility" https://about.fb.com/news/2022/11/mark-zuckerberg-layoff-message-to-employees/ https://about.fb.com/news/2022/11/mark-zuckerberg-layoff-mes... Yeah yeah, taking responsibility in a way that he is mostly not personally affected. Taking responsibility would entitle pouring back the billions he cashed out back into the company.
- lr1970 4y ago> How is that not being held responsible? This is just "cost of doing business" that can be factored in. Management had amble time to sell and reinvest their ill-gotten gains. Someone should go to jail for this -- that would be real responsibility.