Its not fine for that to happen to commercial banks, which are the source of more than 90% of our money supply. I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
According to DeSantis, he didn't know about this stuff, so how can he be an expert? And, if he did know about it, what makes him worthy of retention when half the Street is out of work, and when we could find some unemployed traders willing to work on the General Schedule who aren't total scumbags?
Taibbi's also right about the size of AIGFP mattering. Even if DeSantis wasn't an envious person, is it really very likely that he had no idea how the higher-ups were making selling CDSs? Come on. You've lived in California. People are nosy in this country, especially about money. I've spoken with the head of my division exactly twice the entire time she's been there, yet I know exactly what her job involves and how much she makes on salary and bonuses, because people can't shut the hell up about it whenever bonus time rolls around.
(Full disclosure: My employer loses a lot of money, too, but I've never received a bonus beyond three figures. Give me back my money, Jake.)
I think Taibbi put the case out pretty well. Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin
