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Why do I keep beating the IG issue
From: David Farber <dave () farber net>
Date: Sun, 22 Mar 2009 14:35:36 -0400

First I think it is critical to the economic health of the nation that we understand how the financial operation (racket) works. Enron and Worldcom and others should have educated us but , as most things in the USA, it faded with tomorrows headlines. A major cause of the Enron mess was the bonus system which rewarded deal making -- be it bad or good in the long run. I have no objections to bonuses based on real performance over the lifetime of the effort -- after all that is what stock options are intended to do. I do personally object to the take the bonus and run mentality that leave others --like the tax payers to pick up the pieces.

The IP list seems to reflect the whole spectrum of the public emotions but better articulated that most of the press.

Dave




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