Anon Archived Regulators Don't Want Bankers to Be Paid for Taking Risk (bloombergview.com)
submitted ago by 998546?
Posted by: 998546?
Posting time: 4.6 years ago on
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Archived on: 2/12/2017 1:51:00 AM
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13 upvotes, 1 downvotes (93% upvoted it)
Anon Archived Regulators Don't Want Bankers to Be Paid for Taking Risk (bloombergview.com)
submitted ago by 998546?
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[–] FSB 0 points 1 point 1 point (+1|-0) ago (edited ago)
If they want bonuses for wins they gain when taking other peoples money to the casino (called stock trade and the perversions of it, futures, ...), they should also be forced to take the the full hit if they lose. Win 1 million, get 10000, lose 10 million, get nothing but also don't pay anything isn't really working.
[–] 5002091? [S] 0 points 1 point 1 point (+1|-0) ago
That's the worst part - they get bonuses win or lose. The firm may pay millions in fines, but the individuals responsible get bonuses.
[–] FSB 0 points 1 point 1 point (+1|-0) ago
Of course. Banker logic: Transaction one: 10 Million profit, get Bonus of 10000 Transaction two: 10 Million lost, don't get Bonus Transaction three: 10 Million lost, don't get Bonus
Sum up the Bonus: it's 10000. For a 10 Million loss in sum.
Of course, it's more complicated that that, but the concept is the same...