tag:blogger.com,1999:blog-19305198.post1220964545812447978..comments2024-03-27T03:19:11.216-04:00Comments on Assistant Village Idiot: Reminder: Black SwansAssistant Village Idiothttp://www.blogger.com/profile/01978011985085795099noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-19305198.post-46799898327446795672011-11-17T12:03:51.134-05:002011-11-17T12:03:51.134-05:00For me the problem with the notion that "bank...For me the problem with the notion that "bankers shouldn't be paid bonuses" is that it's stated in the passive voice. Who shouldn't pay bankers bonuses? Answer: anyone whose money is being used to pay them, who doesn't agree that the bankers should be paid bonuses.<br /><br />The government shouldn't bail out banks. The (private) shareholders of the banks should be the ones deciding whether the bank officers need to be given an incentive to stay and keep working. If not, and the bankers leave in a snit, the shareholders should hire new officers.<br /><br />When taxpayers bail out banks, things get complicated. The taxpayers are entitled to put strings on bailout money up front, but I don't see how they're entitled to interfere in the banks' corporate governance forever after, unless we frankly nationalize the banks (and don't give these jokers any ideas).Texan99https://www.blogger.com/profile/10479561573903660086noreply@blogger.com