Can Wells Fargo Ever Make Amends?

Anytime there’s a financial scandal of this magnitude, Schoenholtz says, it’s a regulatory failure as well, since risk systems didn’t prevent it and oversight didn’t catch it. To help prevent such problems in the future, he says encouraging disclosure and protecting whistleblowers are both crucial.

More from the Atlantic.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s