re: #87 Aceofwhat?

the ‘executive compensation’ thing is sooo partisan. as if regulating bank executive bonuses would have averted a housing bubble.

like i said…red meat for the lefties. partisan.

Executive compensation— and the rest of the structure of the reward system in our financial system— is a huge part of why there was a housing bubble— and many other risky strategies, for that matter.

It is not simply red meat for lefties, but a very reasonable observation of forces at work in capitalism; if someone can personally profit from a decision that places risk on others, then it is very reasonable to assume that will occur. That is the current system we have; there is very little risk to the people making the risky decisions that they will actually suffer. They will still be incredibly wealthy, privileged people. They still are, after the financial meltdown, while ordinary Americans lose their houses, jobs, and lives.