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Politics : American Presidential Politics and foreign affairs
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To: RMF who wrote (30645)12/23/2008 10:02:47 AM
From: DuckTapeSunroof  Read Replies (2) of 71588
 
Re: "In BOTH cases they KNEW it wasn't going to go on forever"

Doesn't matter from the point-of-view or the executives at the I-banks or Money Center Banks --- once their huge bonuses are paid to them it's theirs to KEEP.

Doesn't matter if an entire decades posted 'earnings' (upon which the bonus are supposedly based) later get restated into losses --- once the bonuses are paid their is no claw-back.

Which goes a long way to explain the constant APPEAL of aggressive financial practices!
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