It is easy to blame policy makers for these bank failures. They have certainly made a mess of things. But, as someone who is tangentially involved in the banking business, my humble opinion is that these failures are the direct result of incompetent management. Of course, every time you encounter one or more of these “dynamic” managers they are touted as the smartest people in the room.
It is easy to blame policy makers for these bank failures. They have certainly made a mess of things. But, as someone who is tangentially involved in the banking business, my humble opinion is that these failures are the direct result of incompetent management. Of course, every time you encounter one or more of these “dynamic” managers they are touted as the smartest people in the room.
It is easy to blame policy makers for these bank failures. They have certainly made a mess of things. But, as someone who is tangentially involved in the banking business, my humble opinion is that these failures are the direct result of incompetent management. Of course, every time you encounter one or more of these “dynamic” managers they are touted as the smartest people in the room.
The policy makers certainly have their share of responsibility for this mess.
However, before the banks get to criticize the policy makers they need to put their own houses in order. So far they have not done so.