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Start with IBRA, which has taken over the assets of Indonesia's many failed banks, along with the industrial assets of some of the banks' wealthy owners.
But the regulator has moved at glacial speed in suing officers and directors to recover some of that money, despite a pattern of risky behavior by executives at many failed banks described by the agency's own watchdog in a recent analysis.
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Many of the failed banks followed a common trajectory of too-aggressive growth, hyper concentration of loans in commercial construction, and failure to properly administer loans.
Many of those assets have come from 15 failed banks, including First Integrity in Minnesota, Arkansas National and First Priority in Florida.
Beal's one exception: failed banks.
Regulators have failed, executives have failed, banks have failed, markets have failed.
Many failed.
And many failed.
Many failed to escape.
Many failed to do so.
Failing banks.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com