Punishing Depositors no but punishing them yes. There should be personal finanacial Clawback and potentially even legal conseguences for this type of mismangement. When Their personal wealth is at risk they will be more careful. As it is right now, they don't risk anything and will try the same thing again. The worst thing that can happen to them is to loose "unrealiasied profits" not loosing anything already realised.
There should be personal finanacial Clawback and potentially even legal conseguences for this type of mismangement.
There is. That’s what derivative actions are - a mechanism for shareholders to sue the board and management for breaching their fiduciary duties. My guess is that one will be filled Monday.
