Why do you say it's the second largest bank? Not that I'm an expert on banks, and this one sounds more geared towards niche or commercial banking, but second largest in the country? Only a fool and over-confident commercial entities exceed the FDIC limits.After the second largest bank in our country went tits up today,feds take over,are we coming to a point in our life to pull our cash outof our banks?
News claimed this bank "silicone valley bank" was the second largest bank in our country, I didn't just tho this statement out there,first bank since 2008 to be taken over by regulators.Why do you say it's the second largest bank? Not that I'm an expert on banks, and this one sounds more geared towards niche or commercial banking, but second largest in the country? Only a fool and over-confident commercial entities exceed the FDIC limits.
I keep saying let's build more prisons and lock people up for breaking the law and NO Holiday In type prisons. this slap on the hands shit has to stop. When I tell people this they say it will cost to much and won't do any good. so how much is it costing us by letting the bastards keep doing the same shit over and over again. We need to show example. You break the law you get locked up for a good long time.
No upper executive or CEO will ever serve jail time. A train derailed and more than likely will kill people in the long term and not one person will serve a minute of jail time over it. You think a bank going belly up or any other company run into the ground and having to be paid for by us tax payers (yes we pay for it one way or another) will ever serve jail time? I stated this on another post…if we actually held CEO’s and executives accountable businesses would be run completely differently then they are now. Just look at Hoeven he tried to legally screw ND tax payers…like you said it’s like Teflon.I don't know what the answer is but building more prisons doesn't seem to curb crime at the corporate level unless judges start cracking down on the law. People high on the totum pole are teflon and they staff a good team of lawyers that can get them off with little to no prison time.