Former Auditor

Rubin's Teflon Finally Wears Off

Prudent banking practice never changes. Poor management and irresposible judgement of the Board of Directors who wanted to "dance as long as the music is playing" and deplete loan loss reserves in 2007 when they should have been increasing them are soley responsible for the end results.

Rubin has the experience and knew what was going on. He is responsible. The auditors reported the risk and lack of controls.

Internal polictics descimated the experienced senior credit officers of brick and mortor lending with inexperienced credit card officers.Further the Audit Committee of the Board of Directors were and are accountable. Why isn't anyone even talking about a civil lawsuit against those legally accountable?