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Holding Banking Executives Accountable

A lot of talk has centered, in recent weeks around water coolers and coffee pots all around the nation about holding Bank Executives accountable for the current financial crisis. Suggestions that range from firing them, to curbing CEO pay as a matter of law, to criminally indicting them (for God knows what) have crept into conversation all across the land. There is, however, among a few a bit of opposition to holding bank executives accountable. After all; goes the argument, weren’t they just doing their best to affect the bottom line?

To be sure, banks took advantage of loopholes in banking law to give out loans to people that would be unknowingly strapped financially by agreeing to the loans offered, but a bank’s purpose for existence is to within the confines of law, loan as much money to as many people as need it, on


Business people will always strive to make the next sale. They begrudgingly trust their governments to be the doomsayers that take away all of the fun on the advice of trained analysts. Business people take risks all the time, and there is no success without risk. In the court of public opinion case John Q. Public vs. Bank Executives, the jury should find bank executives not guilty and should immediately lay charges against the true guilty parties responsible for the nation’s economic crisis. Who will hold lawmakers accountable?

It must be noted, however, that bankers are not analysts, and bank executives do not make law. Bank Executives have the task of making as much money for their institutions as possible and they are trained, as are any successful business people, to take in positive analysis, and to disregard naysayer

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Approximate Word count = 560
Approximate Pages = 2 (250 words per page double spaced)


  

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