Too Big To Manage

Glass-Steagall resurrection won’t heal the banking system. Segregating commercial and investment entities never worked. Senior executives were always able to peer over the so-called Chinese wall. Amalgamations have caused unwieldy national behemoths.

Incompetence at the top. Incestuous Boards. Obscene compensation assured. Cue Stumpf. Wells Fargo’s dufey CEO. Typical of the genre. Isolated from business units. De-centralized disparate cultures left to their own devices. By the time the OCC gets involved at least 5 years of fraudulent practices to rein in. Fire a bunch of low-level guys as a PR stunt.

Too big to manage. Too big to fail.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s