3 ms·
I was hoping for better reporting when I saw this post. The article didn't show a causal link between regulating bonuses and the payback, it showed correlation
by davi 17y ago
I was hoping for better reporting when I saw this post. The article didn't show a causal link between regulating bonuses and the payback, it showed correlation:
"The investment banks that were capable of paying back did so in June, the month when lawyer Kenneth Feinberg was appointed as TARP's special master for executive compensation. Coincidence?
In October, Feinberg issued compensation guidelines for the companies receiving special assistance, including Citi and Bank of America. That, and the approach of the bonus season, lit a fire under executives at the largest remaining TARP recipients."