Friday, November 13, 2009

Wrong Lesson From Financial Crisis

Wrong Lesson From Financial Crisis
Benie Madoff's loot is going under the hammer in New York and most of it fails to impress.

Maybe that is why some bankers are upset that they have backed the wrong person.

It is a pity they are counting their losses but I think the wrong lesson has been learned from the financial crisis. Who cares where these despised bankers invest their bonus?

Crux of the matter is whether they deserve to be paid astronomical bonus for taking huge risks...