Bank CEOs should accept blame and step down

Hurrah for Silicon Alley Insider: Time For Bank CEOs Like Wachovia’s Ken Thompson To Step DownIf CEOs get rewarded when companies like Washington Mutual, Citigroup (C), Wachovia, UBS, Merrill Lynch (MER), Morgan Stanley, GE (GE), Bear Stearns (BSC), et al, gamble and win–and, boy, do they get rewarded–then they should get punished when the same gambles lose.

Short, sweet, and to the point.