Ok, THIS is what I mean when I say "no deterrent". The FDIC was looking for $900,000,000 and they settled for $64,000,000. Guess what the bankers get to pay? Approximately $400,000 each! Yes, you read that right. Wait, it gets better. Ready for this? The remainder of the $64,000,000 will be paid by liability insurance!!!!! So let me get this straight....you steer your ship into the largest bank collapse in U.S. history while getting paid millions of dollars a year. So, why would you do anything differently the second time around??
http://www.upi.com/Business_News/2011/12/13/FDIC-reaches-64M-settlement-in-WaMu-case/UPI-60341323832507/?spt=hs&or=bn
No comments:
Post a Comment