At this point, everyone should wonder, why we came to the rescue and had to pony up 5 billion dollars when the bank in itself is in a massive mess. Systems are broken/outdated, we are one Manilla/hyderabad away from another payment failure (CFPB, looking into this matter or turning a blind eye? Another consent order warranted or just probably break up and liquidate the bank? Should I contact Elizabeth Warren myself?), consumer/client data does not make any sense (seriously questioning how we are coming up with published accounts when everything is based on excel and LOB revenue profit numbers make no sense), and we basically have no controls in place. I don’t understand why some media reports are saying we might get our asset cap lifted in 2024 when more consent orders should be added? Even some crazy leadership guys are saying we’re close to graduating from it…Really???
Does anyone truly think we have the capability and capacity to help another failing institution (which is however probably better managed and just in a temp liquidity situation) when we are finding ourselves in a perennial asset cap? Please, God help us, and just put ourselves out of our own ef*ing misery for FFS.