Comments on: Greenspan and the curse of counterfactual

By: EdMartin

EdMartin — Thu, 20 May 2010 21:48:26 +0000

Just make sure that people who stand to make enormous equity-type returns with no personal commitment stand to share in the losses that they create, again in front of others.
The case is similar as regards improper financial conduct – if the rewards for those who did right matched the rewards for those who did wrong; then at least this symmetry could allow us better to assess whether man is a rational economic animal.

By: Max

Max — Mon, 12 Apr 2010 07:48:41 +0000

I agreed with the last comment ,moreover, because greedy would make people lose their mind ,the market would become manupulating ones. The more regulation the gov. make for the giant companies , the more money involving with , it means that the comercial activities won’t leave the policy away,otherwise, the regulator would have been connecting with the benefit with for a long time .

By: Gandhiolfini

Gandhiolfini — Sun, 11 Apr 2010 13:15:31 +0000

Greenspan was the spokesman and figurehead of various committees, let’s be fair.

By the same token, the salary might be ‘low’, but the fringe benefits are usually high, as is the pension fund, which is usually VERY high, which all-in-all leads to a high standard of living over life expectancy.

By: M.M.Islam

M.M.Islam — Sat, 10 Apr 2010 14:16:12 +0000

All we need is Banker’s salary/bonus should be consistent to other sectors. Huge bonus makes them greedy and force them doing creative accounting to boost bonus. We need to stop all bonuses, if they want to go away, they are most welcome. There will be no shortages of bankers in this job market.
Actually government and we the general public are responsible for their activities. We made them too greedy. In developing countries bankers doesn’t have those benefits,yet doing their job.
So I’m agree with Laurence and want lower payments for bankers. If they need more money, they are most welcome to leave job and do their own business. Only then they will realize life is not a bed of roses.

By: jeff

jeff — Fri, 09 Apr 2010 13:35:54 +0000

The saying goes if you pay peanuts you get monkeys, the bank paid out billions and still got idiots.

By: Pankaj Patel

Pankaj Patel — Fri, 09 Apr 2010 12:01:18 +0000

why could we not draw a similar scenario for our then Chancellor of the Exchequer Rt. Hon. Mr. Gordon Brown.