May 19, 2011
The impacts of current payout and bonus incentives for bankers are obvious. Compensation should be based upon the quality of what a banker or financial services person delivers, not on engaging in high-risk behavior. Change the incentives so they don’t collapse our economy again. Let the bankers wait long enough - 5 to 7 years - to see if the loans they've made are sound. THEN let them collect bonuses.
Patrick Bosold