Comment

Angle: BP's $20B Escrow Fund a 'Slush Fund'

101
Aceofwhat?7/08/2010 12:29:37 pm PDT

re: #99 Obdicut

I assume it was.

re: #96 Aceofwhat?

I’m just about to dive into my stuff. Probably got nine hours ahead of me.

Anyway: I made a short, but coherent argument about the way compensation and decision-making tie in in capitalism. If you have an argument that refutes that, feel free to link it or write it. But please make sure the argument actually addressed it, and doesn’t just make an argument with a different explanation for the meltdown.

Ok. In short, i am not deaf to the plea that trader compensation may need to change. I think traders did far more damage here than executives. There are a whole lotta well-paid executives around the world…their pay is not correlated with industry-wide failure.

Dive in, and i’ll try to be funnier next time. You’re a tough crowd…