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In reply to the discussion: @JohnFetterman to SVB exec Greg Becker:"Shouldn't you have a working requirement after we bail out [View all]moonshinegnomie
(2,507 posts)16. if a bank fails due to the incompetence of the execs
they should be required to pay back every dollar the bailout cost. when they have to file for BK becasue they dont have that type of money they should have every asset they own seized except for 15,000 times the number of years they worked for the bank. (i chose 15k because thats about the federal minimum wage on an annual basis.
any money they earn after the bankruptcy should be seized until the government is made whole.
this shoudl apply to any of the top corporate officers as well as the board of directors
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@JohnFetterman to SVB exec Greg Becker:"Shouldn't you have a working requirement after we bail out [View all]
BeckyDem
May 2023
OP
To think the PA state democrats would not endorse him when he ran for senator.
Butterflylady
May 2023
#8
If a bank is bailed out, I don't want anyone in charge of it to still be working there any longer
MichMan
May 2023
#12
dear mr . bank ceo. have you within the last 4 years ,sold or given away any real or other
AllaN01Bear
May 2023
#15
How the process works? Citizens Bank was under an obligation to take over the shares?
BeckyDem
May 2023
#34
More than the insured amount was paid. Where did that money come from? And why??
Alexander Of Assyria
May 2023
#43
Yeah, you are right no tax dollars were harmed in the rescue of these banks
Farmer-Rick
May 2023
#48