Off with their heads!

[BayGBM]

I’m all for holding people accountable but is Vikram Pandit really responsible for the mess at Citigroup?  I don’t think so.  He became CEO well after the bad decisions were made at Citi.


http://www.nypost.com/seven/04052009/news/nationalnews/ready__blame__fire_162933.htm

Heads must roll!

The chief watchdog of the government's $700 billion bank-bailout plan says top executives of struggling financial institutions must be fired if the economy is to have any chance of recovery.

Elizabeth Warren, a Harvard law professor and chair of the congressional oversight committee monitoring the government's Troubled Asset Relief Program, told The Post that letting banking leaders off the hook for the mess their companies are in will plunge the country into a deeper hole.

"The management of the institutions receiving subsidies from the government must be replaced," she said in an interview last week...

[Bindare_Dundat]

but but these banks were earning a profit the last few months.