Saturday, March 21, 2009


It has always been and will always be OK to not know something. Or to be unsure about something.

I'm not sure how I feel about the ridiculous bonus law just passed by Congress, other than the fact that I think it's ridiculous. Execs who screw up shouldn't get paid. There are folks at struggling companies who should. From the Washington Post:

"The bill passed by the House on Thursday would eliminate those bonuses for thousands of workers at eight of the largest U.S. banks, in addition to employees of AIG, Fannie Mae and Freddie Mac. It would slap a 90 percent tax on bonuses to employees with incomes above $125,000, or household incomes above $250,000.

A broader Senate bill, which could reach the floor next week, would also tax thousands of bonus recipients at regional banks."

Trying to paint every banker in the country with the same brush, in the same color, is a really sketchy idea. One might think that the time and energy devoted to the issues of the day might have created a heightened understanding of the subtleties of the situation at hand. Hasn't happened.

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