Big Jack58

Pay Bankers Much Less

Right, they aren't top talent and that's why without a bailout, they won't be getting paid at all (hence my note on Bear, Wachovia, WAMU, etc). In a pay for performance system, these guys would not have gotten a large exit package. The losers who rode these companies into the ground would be rode outta town with nothing in their pockets. But we should be careful not to lump all CEOs into this mess. Ken Lewis is still churning a profit with BAC (albeit a small profit) and didn't allow his team to delve into the sub prime mess (they just bought Countrywide on the cheap and that is a transaction that will pay off for them). The Monday Morning Quarterbacking is a ton of fun to watch ... especially when its played by the morons who call themselves politicians.