Some politicians (senators) probably slam the bank execs for the failure closure of the banks
But the outbursts which probably get more votes are unfair. No super manager can beat the situation
or would have figured out way of squeeze between low yield treasures, (as assets) and high cost
deposits due to Fed action to increase interest rates. Time is not on the side of the bankers.
That is why the regulators cant do a thing.
Take note that PDIC is undercapitalized to handle further stresses of the banking system. JP Morgan is the only entity that can even probably save the FED.
