imprudent lending to homeowners and trickery in the resale of those loans is what got banks in trouble. would now more reckless lending in the face of a slowing economy help? if i were at the treasury i would impose this rule as well: all executive compensation should be capped at the government employee ceiling. all ordinary employees bonuses should be paid out enirely in stock to further recapitalize the banks.
Rescue Funds Fueling Buyout Deals Instead of Loan Increases [View article]
if i were at the treasury i would impose this rule as well: all executive compensation should be capped at the government employee ceiling. all ordinary employees bonuses should be paid out enirely in stock to further recapitalize the banks.