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Tuesday, December 8 2009 |
06:14 EDT |
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- Bailed-out banksters complain (vaguely) that restricting bonuses causes their talent to flee, but Bloomberg nails down where they're going: Nomura and Barclays. Derek Thompson feels some sympathy for the poor devils - after all, a talent exodus will hurt taxpayer-owned institutions - but figures a solution may be to make the bailed-out firms back into retail banks where the brain drain is less likely.
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This news story has 8 comments:
Or maybe they can snag a union boss like the one running the NY Fed nowadays.
> Maybe we will get some leadership with morals once all the cockroaches
> flee the light of day. To bad we can't spray them down so when they
> leave they would kill the nest.
Watch what you ask for, because they are all fleeing right into government service because its the next place where they will get unlimited power, little oversight and no enforcement. We are just trading one problem for another, because no one cares to look at the roots. This is not about salaries and should never be. The government could have stopped it at any time and chose not to. Where is the rage against the government? You have been fooled again.
Let's define bright. Intelligence in humans is being able to solve problems. Now, really bright people..the kind of people I'd want to pay more money to keep.. are people who can solve problems, while simultaneously promoting what is best for everyone.
Bright is not getting good grades and making the right connections to get hired by others with good grades and the right connections. We mistakenly call that bright, because of our consumerist view of the world, and you can see where that gets us.
Why do some people see banksters as being bright? When cognitive processing power is disconnected from the emotional part of the brain and body, the processesing goes faster...After all, it's only ideas being processed without the baggage of emotional connections. Go see the movie Rainman, for an example.
For banksters, bright is defined by 'a person with an understanding how to manipulate rules motivated by an autistic level of social concern.' And, the more that definition fits, the better bankster you are. And, the more we want to keep you.
Banksters are in it to make money. That is their job at the most concrete level. Social good is not a concern, anywhere in that job description. Look how they twist 'customer service.'
The problem is that processing power without the emotions ALWAYS leads to destruction. Why? When manipulating ideas alone, anything is possible. And without emotions of how this will impact others to slow the ideas down, that anything is always tried.
So friends, they are still thinking like they've always thought. Nothing has changed. We are simply along for the fall unless we add social concern to the job description of the bankster and hold their feet to the fire.
Please do not confuse these thoughts with 'socialism'.