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View Diary: "Widows and Orphans" (63 comments)

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  •  That is a rational notion for the BANKS as a (4+ / 0-)
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    grollen, mcjoan, Noor B, nervousnellie

    whole - the notion of a level playing field, etc. Totally understand your point.

    They will all be competing under the same rules, and thus no one would have an advantage.

    However, the salaries and bonuses of the top execs is massively inflated by the use of highly leveraged derivatives, which allowed them to extract value that could NEVER be supported by the real global economy.

    These CEOs may realize that they'll never be able to inflate a bubble like that again, but they could give two shits about the health of their organizations. They want PERSONAL gain in the hundreds of millions, and that can't happen without massive financial engineering.

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