Regional Banks Collapsed Were Caused By Mismanagement Of Customers Assets

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The economist Kelvin O’ Leary is blaming the collapse of these regional banks to Mia management, in a session which he said that a regional bank goes bankrupt, so what? Anybody that had $250,000 or less is covered by the FDIC insurance, which is basically paid for by you as a fee payer when you put money into any bank and so the banks are paid for the banks.

Kelvin is on the opinion that these mangers are not competent enough as they pose to be and they should be let out of the system that these collapses has no effect on the country economic situation. On kelvin saying that the point is idiot managers are expensive… Clearly they’re not good bankers. We can’t keep them around. They’ve got to go. In any other sector when you fail, you get fired. It’s okay. Let’s whack them. Let’s shut the banks down and consolidate to super regionals like every other country has done. It’s not the end of the world.

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