Comments on: Regulation alone won’t curb bonuses http://blogs.reuters.com/commentaries/2009/08/13/regulation-alone-wont-curb-bonuses/ Now raising intellectual capital Sun, 08 Nov 2015 08:31:30 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: james reginald harris, jr http://blogs.reuters.com/commentaries/2009/08/13/regulation-alone-wont-curb-bonuses/comment-page-1/#comment-2196 Fri, 14 Aug 2009 03:43:24 +0000 http://blogs.reuters.com/commentaries/?p=2596#comment-2196 A one time legislation for a Zero Bonus Year will cure all the problems within the global financial sector without causing any further harm whatsoever to the international economy.

Individual American’s should petition their elected officials to bring the Zero Bonus Year ACT to the floor. The basic premise that in any year when any financial institution requires Federal Bailout Funds that within 18 Calendar Months that there will be no bonuses paid by that institution to any employee with base compensation exceeding $100,000.00 per year.

This amount is above the average family income allowing support of a household in the United States of America.

That any company making a Second Bailout Call to the US Government for Bailout Funds will be subject immediately to an ANTI-TRUST ACTION to break it into smaller component parts.

That severe financial damage has been done to over 10,000,000 American Households by the Bonus System. That the present Bonus System is therefore contrary to US National Interests and security threat to the People of the United States.

That severe financial damage has been done to the US Economy by the Bonus System.

The Zero Bonus Year is a reminder and a call to all banking managements for immediate self regulation and ethical conduct, which is absent at present.

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