May 26, 2011
Wall Street greed and outrageous pay practices promote a short term attitude toward financial investments.
One way to is to institute a Financial Speculation Tax as presented by CERP here http://www.cepr.net/index.php/publications/reports/the-deficit-reducing-potential-of-a-financial-speculation-tax
Another way to change the incentives so they don’t collapse our economy again would be to delay the bonuses for several years, at least five or seven. That way, we’ll know if the loans they made in year one remain good.
Thank you for considering my comment,
Peg Bush
Aptos, CA