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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (90488)	5/22/2012 1:21:02 PM
From: Haim R. Branisteanu	2 Recommendations Respond to of 218030

How true - I don't believe there's anything in Dodd-Frank (financial reform law) that would've prevented this activity at JPMorgan....There's no law against stupidity. No law against stupid trades'. ...... but for stupidity no one should be paid, but fined. My problem is with the compensation of those in charge at the bank starting with Jamie Dimon, at the moment the arrangement is like this; If I win for the bank I triple my income - if I lose for the bank - no harm to my past and present pay even if I got very high bonus at year end after marking to market, and now the trade is $7 billion in the red. So what is the average gain for the bank over the last 5 +1 years? Profit or loss? Adjust retroactively for at least 7 years the pay and get back what was wrongly paid as bonus. Traders and those authorizing those trades should be sued and demanded to pay penalties even if they are driven into bankruptcy. As to Jamie Dimon is an arrogant type and should pay through the nose.