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My pessimistic view is that bonuses were paid out on invested cash not on cash just sitting there. So they had to buy something to get a fat bonus.
by makestuff 4y ago
My pessimistic view is that bonuses were paid out on invested cash not on cash just sitting there. So they had to buy something to get a fat bonus.
- voisin 4y agoShocking portfolio design isn’t regulated given how much of banking is regulated.