The Bankers Are Sorry…For Getting Caught
Bankers apologized to a special commission for their risky behavior that led to the great depression of the 21st century. However, they still said the behavior seemed appropriate at the time. Further, they have no remorse for increasing the salaries of the executives still employed thanks to the multi-billion dollar bailout funded by the taxpayers.
How is that an apology at all? That’s like saying “I’m sorry I killed your husband, but he was dressed like a moose so it seemed appropriate at the time…and hey, I bought 12 more guns, wanna see?”
Don’t bother apologizing. Don’t insult the commission or the citizens, just be honest: “We fucked everyone over. Thank you for fixing our mistake. And don’t worry, we’re going to keep compensating the offenders to make sure other financial consumers get fucked in the future.”
The federal government will be announcing some 2010 plans to recoup the taxpayers’ money. Fees and possible limiting of a financial institution’s size are some of the items on the table to regulate and recoup. No surprise that the banking industry is opposed to the proposals in their entirety. We said we’d help you out, and you continued to help yourself…time to pay the piper.
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on February 7th, 2010 at 11:23 am
[...] for the banking crisis that has crippled the nation. (see TDS Blog Entry for January 13th 2010 “The Bankers Are Sorry…For Getting Caught”) There seems to be no true regulations, as there are endless loop holes that will allow greed to [...]