5 ms·
I don't think the bonuses is a problem per se. Companies should be allowed to pay their employee however they want, being true to the contract the employee sig
by harmonicon 12y ago
I don't think the bonuses is a problem per se. Companies should be allowed to pay their employee however they want, being true to the contract the employee signed, of course.
The bailout is the problem. If there was no bailout, these banks would have totally reduced the payout. They would feel the hit and have to adjust accordingly to keep the company afloat. Bailout gave them the go ahead to disregard all the losses.
It is extremely cynical for the same players to be crying for free enterprise, woe is regulation and the market always work its magic. But hey it's not their problem. We just had to be the sucker, pony up and bail them out.