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Bonuses are incentives. What they are giving bonuses for is wrong. Not the bonus concept itself. Eliminate the bailouts, require a certain percentage liquidi
by mey 15y ago
Bonuses are incentives. What they are giving bonuses for is wrong. Not the bonus concept itself. Eliminate the bailouts, require a certain percentage liquidity, force assets to be marked to market on a certain interval. Suddenly the bank's finance sheet to it's investors won't be so rosy, investors will demand change, change will happen.