FDIC to sue bank officials in effort to recoup $1 billion in losses

FDIC to sue bank officials in effort to recoup $1 billion in losses

Accountability?!? Imagine that! This is certainly a step in the right direction... now to see what (if anything) these lawsuits yield......

Unanticipated Consequences:

1. Ignorance: These execs assumed that once their banks failed, no one could come back after them.
2. Immediate Interests: These execs kept feeding the machine, focusing on the near-term growth needed to continue the banks' upward trajectory, while ignoring the fact that it was unsustainable and would contributed to a crash of the entire financial system.