Bonus Battle

Link TV, Global Pulse by Erin Coker | Sep. 19, 2009 (News Analysis)

(Video) The Fed stepped up today with the US version of a worldwide backlash on bonuses for bankers. Led by French President Nicholas Sarkozy, this is another example of the G20 nations' rising power. Sarkozy is dragging a reluctant US along on his crusade to curb banker's pay. It only works if the whole world does it - and that could never have happened in the past, even though majorities of Americans have steam coming out of their ears over the obscene bonuses. Full Story »

Posted by Evelyn Messinger

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Kaizar Campwala
3.8
 by Kaizar Campwala - Sep. 19, 2009

A good issue for comparison of public attitudes, and government reaction. That bank bonuses are a significant source of tax revenue to cities like London and New York was something I had not thought about. It would have been interesting to see whether banks are looking elsewhere to do business, if Europe and the US continue to tighten regulations.

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Kaizar's Rating

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