What is the robbing of a bank compared to the founding of a bank? – Bertolt Brecht
How sad is it that quote resonates today. Most would agree there are too many Mister Potters and not enough George Bailey’s, but is that fault of bankers or the system we keep running, unchanged?
The Federal Reserve, FDIC and other state and government agencies are tapped with monitoring banks, overseeing money and financial systems that directly affect our individual day-to-day lives as well as our country globally. And yet with thousands of people across the U.S. working at these various entities slated with protecting the financial health of banks and our monetary system, problems persist. Ah, humans.
Of course it’s not shocking that problems exist in banking, to err is human after all. However, it’s the persistent issues that demand our attention, especially when nothing seems to be done to rectify the situation, like, say, an institution with over a decade of problems continuing into the present, as with CEO Charles Chrietzberg’s Monterey County Bank. So when someone high within the rarified world of big-money investments, one involved with the specific and intricate dealings of finance is sounding an alarm and asking for help yet hearing crickets from said officials, that seems worth discussing.
