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Think of it in reverse then. The banking executive, who already have hundreds of millions or billions of dollars in personal wealth, weren't willing to give up
by donmcronald 3y ago
Think of it in reverse then. The banking executive, who already have hundreds of millions or billions of dollars in personal wealth, weren't willing to give up one year of bonuses to save their industry.
- JumpCrisscross 3y ago> banking executive, who already have hundreds of millions or billions of dollars in personal wealth, weren't willing to give up one year of bonuses to save their industry Well, they didn't need to. That was the problem. We've since fixed it by requiring clawbacks and improving the ability for the FDIC to e.g. put SVB into receivership.