Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
I agree about the tough as nails.

But I think there is some overestimation of the experience required. You (Migeru) could certainly figure out "CDOs, SIVs, balance sheet leverage, and credit default derivatives just as easily as the idiots who created and trade this shit."

Also, I don't see why you need to create yet another welfare scheme for investment bankers. This is not to say that employee poachers as gamekeepers would not work, but the key is not that they need pay equity, they need political backing... which is the real problem... they need to know that they won't be sacked when Vikram Pandit or whomever calls their congressman to complain.

Certainly they should be paid well... but it doesn't have to be insane money...

by Metatone (metatone [a|t] gmail (dot) com) on Wed Mar 17th, 2010 at 01:32:00 PM EST
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