Opinion by the Editorial Board: Passing the Recoup Act would signal bank leaders that recklessness will have consequences.
of a plan to prevent a migrant surge along the southern border. The administration would presumptively deny asylum to migrants who failed to seek it in a third country en route — unless they face “an extreme and imminent threat” of rape, kidnapping, torture or murder. Critics allege that this is akin to an illegal Trump-era policy. In fact, President Biden is acting lawfully in response to what was fast becoming an unmanageable flow at the border.
, especially for midsize banks that have received too much leeway in recent years. Passing the Recoup Act would send a signal to bank leaders that recklessness will have consequences.Editorials represent the views of The Post as an institution, as determined through debate among members ofMembers of the Editorial Board and areas of focus:
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