Comments on: It’s Not the Banks – It’s the Bankers http://www.businesspundit.com/its-not-the-banks-its-the-bankers/ Entrepreneurship, Startup Companies and Business Philosophy Fri, 20 Nov 2009 20:31:15 -0600 http://wordpress.org/?v=2.8.5 hourly 1 By: Drea http://www.businesspundit.com/its-not-the-banks-its-the-bankers/comment-page-1/#comment-9430 Drea Mon, 06 Oct 2008 18:05:29 +0000 http://www.businesspundit.com/its-not-the-banks-its-the-bankers/#comment-9430 This is good. Seeing heads roll will both assuage the angry population some (finger pointing can be so cathartic!) and send bankers a message of how far to push their tactics. The con argument would be that systemic problems, ie. lack of oversight, permitted this kind of wild money-seeking behavior to prosper. But bankers certainly weren't innocent. People usually sense or know when something goes bad. When they push it anyway, they're risking punitive action. That's the way it should be. This is good. Seeing heads roll will both assuage the angry population some (finger pointing can be so cathartic!) and send bankers a message of how far to push their tactics.

The con argument would be that systemic problems, ie. lack of oversight, permitted this kind of wild money-seeking behavior to prosper. But bankers certainly weren’t innocent. People usually sense or know when something goes bad. When they push it anyway, they’re risking punitive action. That’s the way it should be.

]]>