Letters to the Editor

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BANKS: Individuals must be accountable

Letter by Nick Malden, Tacoma on Nov. 10, 2011 at 11:30 am | 13 Comments »
November 10, 2011 12:44 pm

Re: “Wells Fargo agrees to pay $37M in bid-rigging case” (TNT, 11-8).

I am as much a free market capitalist as the next guy, but when banks are caught bid rigging it’s not just the corporation that should be held to account. Let’s put someone in jail. Let’s strip some executive’s personal (not just corporate/shareholder) assets.

In short, let’s demand some personal accountability.

We will not get any behavioral change within banks (or any other public/private entity for that matter) until we clearly hold individuals responsible their bad acts by materially changing their lifestyle when found out.

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