Hi sap................part your post :- below.
'...............failure of the two banks in the US that practiced extremely poor risk management.'
Only 2 banks ???? ... mate have a look at 'Fines on USA Banks' or something of that description..... $billions upon $billions my friend.. Something like $200bill plus in fines over 20 years $10bill a year???? . -- To my way of thinking they are all 'cowboys' No sorry I do not think cowboys would carry on like the Management of some - and I mean the biggies. And one would assume- fines paid for by the shareholders...... ??
Biden and Yellen seem to believe the USA taxpayer will not pay for any bailout - ya reckon!!!! .... bet their will be a levy somewhere and the consumer and taxpayer will end up getting hit. A G A I N ??????????????
https://www.ft.com/content/989035f3-767a-43c2-b12e-2f6c0be0aa6b
Ann: Settlement of $35M Capital Raising Transaction, page-187
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