I am not willing to or saying we should accept it. I was merely trying to state that it has been a reality in the last several years. I also wanted to point out that at least as of now BOFI seems to be different and has not been fined yet. If they happen to be found guilty as a shareholder I will have to deal with it when the time comes. What I would decide to do depends on the nature of the offense, what is done to resolve the issue and if I feel it is likely to be repeated.
Personally I have become completely numb to the unbelievable things that go on at these banks. They continue to amaze me how low these big banks can stoop to make a buck. Personally I think if we just let the offenders go bankrupt instead of bailing them out it would go a long way to remedy the problem. It would help clear out the bad blood and make room for the small hungry entrepreneurs looking to innovate to make banking as we know it better.