Whats good for the goose – not so good for the gander.
September 6th, 2009 | Published in Uncategorized
The finance ministers of the G20 can’t agree on how to limit bonuses to bankers – the U.S, the U.K and Canada seemingly would rather do nothing about it what so ever. The BBC report here .
One great idea they came up with, is to “claw-back” bonuses if they are deemed ill-fitting to the goal of long term gains rather than short term profit – which strikes me as an oxy-moron.
The powers that be can figure out way’s to install parking meters in every city in the world, speed cameras, levies on everything, insurance premiums, insurance companies, they can figure out how to bail out broken banks, they can figure out how to concoct bogus mortgages with no due diligence, they can work out how to take back properties and stick it to the people that lost their jobs and houses, they can employ mathematicians and physicists to look for ways to slice the pie even smaller, they can programme computers to do trades on the stock market faster than humanly possible to take advantage of seemingly minor fluctuations- but they can’t figure out how to limit the amount of money bankers pay themselves.
There’s a word for that – “pathetic”
