You honestly think we'll be able to find other people qualified to run the new banks? Maybe, maybe not. But I'd imagine that whoever's running the show right now will easily be able to stay in the picture. It's like being a CEO. Once a CEO of a big corp, always a CEO of a big corp, no matter how poor your track record. Maybe I'm just being cynical here.
> You honestly think we'll be able to find other people qualified to run the new banks?
Clearly the ones currently running the bank are unqualified, which is why it is insolvent. Leaving them in place and expecting a different outcome is not sensible.
But directly to the point you ask: Yes, I believe there are many candidates who will perform better and for less money. (In the words of Charles de Gaulle: The cemeteries of the world are full of indispensable men.) Probably a fair fraction are inside the organization already, but if I were the regulator in charge, I would cross fertilize and take folks from outside the organization because internal allegiances are probably in the way of a thorough reorg.
Good Lord!! What are you saying?? That because there aren't "qualified" people that we should leave the current criminals there, even though they jeopardized our entire financial system!??!?
There are plenty of people that could have run the banks. Sheila Blair perhaps? I'd be okay with Elizabeth Warren. Hell I'd even take Jim Cramer at this point.
