Geithner Slams Bonuses, Says Banks Would Have Failed

buctusa

This news is kind of tricky...............

Dec. 4 (Bloomberg) -- Treasury Secretary Timothy Geithner criticized the record bonuses set to be paid by big banks this year and refuted claims by Goldman Sachs Group Inc. that it would have survived without government aid.

Taking aim at what he called “an era of irresponsibly high bonuses,” Geithner said all banks -- even those that have repaid government aid -- need to restrain the amount they pay their leaders and tie compensation to long-term goals.

ppteam

Yes. At least Geithner won't find job at GS when he's replaced by Jamie Dimon few months from now.

Diffusion

华尔街最好收敛点，谁都受不了昨天被自己接济的对象今天过得比自己好。限制一下bonus不过是国会很多制裁华尔街的方法里面影响最小的一个。