Re: 2nd Term Part X - A link to a fore gone conclusion
I think you guys are missing the massive penalties the banks all paid. Mostly deservedly mind you, but I get a little tired of the trite "Oh nothing happened to the banks" schlock. Banks paid through the nose, rightfully so, got forced to accept all sorts of new restrictive regulations, and have hemorrhaged jobs top to bottom. I agree in that people like Diman shouldn't still be running their banks. Aside from him and maybe one other, I'm not sure there's anybody left running the top 10 banks that was there during the crisis.
I think you guys are missing the massive penalties the banks all paid. Mostly deservedly mind you, but I get a little tired of the trite "Oh nothing happened to the banks" schlock. Banks paid through the nose, rightfully so, got forced to accept all sorts of new restrictive regulations, and have hemorrhaged jobs top to bottom. I agree in that people like Diman shouldn't still be running their banks. Aside from him and maybe one other, I'm not sure there's anybody left running the top 10 banks that was there during the crisis.
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