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"Oversight", is not the issue. The issue is our government has incentivized risky behavior by bailing these fools out. If you're bank management and you know bi

"Oversight", is not the issue. The issue is our government has incentivized risky behavior by bailing these fools out. If you're bank management and you know big daddy government will save you no matter what... well then, why would you not continue to engage in this risky behavior? I love how the white house is trying to paint this as an issue with lack of oversight and the need for MORE regulation when that's not even the issue.

deleted 4y ago
[deleted]
frankbreetz 4y ago
I mean you loose all your investors' money and your job. As the CEO of a bank you probably get paid a lot in equity and that would be gone. If they were really reckless they could go to jail. Hopefully they look into the exec stock sales over the past few months. If money in a checking account is not safe, and I can't spend cash over 10k without a ton of paperwork, where can I keep cash that is safe?
- DrThunder 4y ago
  Oh how terrible. Must be awful losing your job while raking in millions off the stock you sold beforehand and then getting re-hired at the next massive bank that does the same thing. These people rarely go to jail, and if they do it's a minimum sentence in low security white-collar "jail". The politicians will do everything they can to keep their donors donating. The fact they ARE and continue engaging in this behavior right now proves you're just wrong about any possible "risk" they perceive.
- notch898a 4y ago
  Revolving treasury bills
HFguy 4y ago
How would this explain...that vast majority of banks were not doing what you say they were incentivized to do? Maybe they weren't?
- DrThunder 4y ago
  You might want to hold off on that statement. This isn't over yet. Also, is your stance that if the majority don't do it then there's no incentive to be risky like these failed banks? What happens if the government continues the trend of bailing them out? Do you think maybe banks will start to see a pattern and start changing investments?

deleted 4y ago

[deleted]

frankbreetz 4y ago

I mean you loose all your investors' money and your job. As the CEO of a bank you probably get paid a lot in equity and that would be gone. If they were really reckless they could go to jail. Hopefully they look into the exec stock sales over the past few months. If money in a checking account is not safe, and I can't spend cash over 10k without a ton of paperwork, where can I keep cash that is safe?

DrThunder 4y ago
Oh how terrible. Must be awful losing your job while raking in millions off the stock you sold beforehand and then getting re-hired at the next massive bank that does the same thing. These people rarely go to jail, and if they do it's a minimum sentence in low security white-collar "jail". The politicians will do everything they can to keep their donors donating. The fact they ARE and continue engaging in this behavior right now proves you're just wrong about any possible "risk" they perceive.
notch898a 4y ago
Revolving treasury bills

HFguy 4y ago

How would this explain...that vast majority of banks were not doing what you say they were incentivized to do? Maybe they weren't?

DrThunder 4y ago
You might want to hold off on that statement. This isn't over yet. Also, is your stance that if the majority don't do it then there's no incentive to be risky like these failed banks? What happens if the government continues the trend of bailing them out? Do you think maybe banks will start to see a pattern and start changing investments?