Tom Armistead

Limiting Banker Pay - Another Downside

The answer is the banks are too big. The bigger the business, the bigger the bucks the top dog has to receive.

Cut GS, JPM, etc into ten equal size banks or trading houses and put one man at the top of each making one tenth of what Blankfein, Dimon et al make and that problem is solved.

From there you could go on to CDS, manipulation of markets, derivatives, fraudulent conduct, high frequency trading, front running, naked short-selling, insider trading, twisting, scamming, lieing cheating and stealing generally.

The retail investor has been slow to stick their head out of the bunker and get back into the game. Well doing something to level the field, and getting the government out of the game, would do wonders in that regard.

The only proper role for the government is as a referee, impartial, well versed in the rules, and equipped with an ample supply of red cards.