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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.


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