Bank Resolutions

President Biden said they need to get a full accounting of what happened, and promised to hold responsible those behind the collapse of the two banks. "It makes a great deal of sense to play hardball on some level as a way to avoid some of these moral hazard problems," he says. The risk in doing that is that if you can't find bank managers who are as good as the ones you're getting rid of, then that could be problematic as well.