Instead, it’s time for a fundamental reform: Any person who works for a company that, regardless of its current financial health, would require a taxpayer-financed bailout if it failed should not get a bonus, ever. In fact, all pay at systemically important financial institutions — big banks, but also some insurance companies and even huge hedge funds — should be strictly regulated.
I'd really like to see someone attempt to express such a condition in the type of legalese that appears in legislation.
How do you ban something based on a hypothetical possibility? How do you write this condition down?
I'd really like to see someone attempt to express such a condition in the type of legalese that appears in legislation.
How do you ban something based on a hypothetical possibility? How do you write this condition down?