Saturday, March 28, 2009


OUTRAGEOUS - the big wall street bonuses!! But why are there bonuses paid out in the first place? Wall Street and big business greed? Our propensity to reward non performance? - wait we already have that in a Congress that rewards itself each year with automatic pay raises ... hmm, I wonder --- as Jeffrey D. Korzenik wrote last month, at;
"Our politicians have sharply criticized Wall Street's bonus culture. President Obama has referred to the latest round of industry bonuses as "shameful;" Sen. Dodd has demanded their return and Paul Volcker pointed to this compensation system as a contributory factor in our current crisis.
What hasn't been discussed is the way misguided regulation fostered these pay arrangements in the first place."
cut and paste the link below for a very revealing piece.

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