More Greed- Ugh!

Sonya Clark's Afro Bill

Sonya Clark's Afro Bill

“We know we were sloppy. We know we were stupid. We know there was bad judgment. We don’t know if any of that is true yet. And of course regulators should look at something like this. That’s their job so we are totally open to regulators and they will come to their own conclusions,” Jamie Dimon, CEO of JPMorgan said. “We took far too much risk, the strategy that we had was barely vetted, it was badly monitored. It should never have happened.”

There has been some fallout of this CEO of JPMorgan debacle but to my mind it isn’t good enough. In this continued era of inordinate greed the CEO has to be ousted and clear implementations to regulate responsibility and accountability put into action.

Mark Wagner Money Broom

Mark Wagner Money Broom

Want to understand the big picture? Go to PBS’s FrontLine report on the inside story of the global financial crisis.



Your Thoughts...


All content © Copyright 2017 by Bubbe Wisdom.
Subscribe to RSS Feed – Bubbe Wisdom Blog or Container Blog