> What's more likely is just the incompetence with liquidity management, incompetence with the crisis handling.

no, what's more likely (if what has been said between the two of us comports with reality) is that the incentives for the officers of the bank are in conflict with the healthy management of the bank.

Bankers running a bank into the ground cannot be blamed on regulators or the accounting profession which only "review" what has happened, they never have their fingers on the levers (although additional accounting and banking regulations may be required to avoid this type of problem in the future)