'Everyone agrees that CEOs and executives should not profit from these bank failures.' Read this newsweek op-ed from AllSides co-founders JohnGable and Scott McDonald, and MoveOn/LivingRoomConvo co-founder JoanBlades:
leaders in Washington, especially the Trump administration that rolled back some of the Dodd-Frank banking regulations in 2018. But that is not all. She also wrote in the same op-ed that"it's critical that those responsible not be rewarded."that it was"very, very clear" that those changes in 2018"did not impact this particular issue." But he separated those discussions from saying"it's okay to allow the owners of a bank to lose their resources.
Will our elected officials work with each other to get this done? Or will they just play more political football? It's time to harness the frustration that spans across the aisle and make sure failure doesn't lead to great rewards.Joan Blades, Co-founder, Living Room Conversations and MoveOn.org
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