Joe Greenheron
Thunderous Prophet 🦕I wonder -- and hear me out -- if banks would behave differently if the top people were all prosecuted and, if/when found guilty, had to serve prison time and provide restitution? Like, ya know, criminals.
Kansas Grant@ThunderousProphet That might also work for presidents.
Nick Bax@ThunderousProphet we could start by clawing back the salaries of executives of failed banks, allowing them only to keep $100,000 per year of compensation for the last five years.
Although, I wouldn’t be surprised if that just resulted in work arounds, where the bulk of an executive’s compensation comes from the less regulated bank holding company, and not the bank.
@nbax "Figures don't lie, but liars do figure." - Mark Twain (kinda)