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    File : 1320753369.jpg-(28 KB, 250x375, 16_lloydblank_lgl.jpg)
    28 KB Anonymous 11/08/11(Tue)06:56 No.247444  
    http://www.nytimes.com/2011/11/08/opinion/end-bonuses-for-bankers.html?_r=1&ref=opinion

    Critics like the Occupy Wall Street demonstrators decry the bonus system for its lack of fairness and its contribution to widening inequality. But the greater problem is that it provides an incentive to take risks. The asymmetric nature of the bonus (an incentive for success without a corresponding disincentive for failure) causes hidden risks to accumulate in the financial system and become a catalyst for disaster.

    The ancients were fully aware of this upside-without-downside asymmetry, and they built simple rules in response. Nearly 4,000 years ago, Hammurabi’s code specified this: “If a builder builds a house for a man and does not make its construction firm, and the house which he has built collapses and causes the death of the owner of the house, that builder shall be put to death.”

    This was simply the best risk-management rule ever. The Babylonians understood that the builder will always know more about the risks than the client, and can hide fragilities and improve his profitability by cutting corners — in, say, the foundation. The builder can also fool the inspector; the person hiding risk has a large informational advantage over the one who has to find it.
    >> Anonymous 11/08/11(Tue)07:00 No.247471
         File1320753625.jpg-(32 KB, 455x300, Good_Luck_Im_Behind_7_Proxies.jpg)
    32 KB
    ITS CALLED LAWSUITS OR GOING TO JAIL FOR FRAUD

    PLENTY OF DISINCENTIVE, IF YOU DO SOMETHING AGAINST CURRENT LAWS, AND THEY CATCH YOU, AND PROSECUTE YOU
    >> Anonymous 11/08/11(Tue)07:01 No.247480
    >>247471
    how many goldman sachs bankers went to prison?
    >> Anonymous 11/08/11(Tue)07:03 No.247487
    >>247480
    0.

    Just like there is no politician that went to jail for all the scandals they did.

    Corrupted world.
    >> Anonymous 11/08/11(Tue)07:09 No.247525
    End bonuses in the US and all the bankers will go overseas to countries where bonuses exist, US economy takes a hit and loses competitive advantage. Good idea
    >> Anonymous 11/08/11(Tue)07:12 No.247536
    >all the bankers will go overseas
    >US economy takes a hit

    Don't you mean "immediately recovers"?
    >> Anonymous 11/08/11(Tue)07:13 No.247546
    >>247525
    yes please, let them all go to some shithole island and see how much they will be bailed out next time
    >> Anonymous 11/08/11(Tue)07:15 No.247552
    >>247536
    Have you heard of the New York Stock Exchange? Like it or not, Wall Street provides capital to business and drives innovation
    >> Anonymous 11/08/11(Tue)07:16 No.247557
    >>247552
    they play with other peoples money and have done nothing to increase gdp
    >> Anonymous 11/08/11(Tue)07:16 No.247560
    I think you guys watch too much Alex Jones and NWO shit

    >ITS ALL THE JEWS!!!!!!
    >> ImplyingImplications !!maaS/hB0pVp 11/08/11(Tue)07:17 No.247563
         File1320754654.gif-(25 KB, 397x333, {18B7C739-AE17-41CE-A705-8DEC3(...).gif)
    25 KB
    >>247546
    This shithole island?

    A lot of them have already left for it because of Marxists like you.
    >> Anonymous 11/08/11(Tue)07:18 No.247566
    >>247560
    >analysis of a flawed system that gives incentive to taking risks while shielding the speculator from his own mistakes
    >implying alex jones has ever done anything similar
    >> Anonymous 11/08/11(Tue)07:19 No.247568
    >>247563
    >Join Fascist country.

    Wow and you believe Singapore won't have a bubble popping in the next 5 years ? Just like the rest of South Asia, those country are in a worse state than Europe.

    Good luck bribing the officer too.
    >> ImplyingImplications !!maaS/hB0pVp 11/08/11(Tue)07:19 No.247570
    Guys, the solution to crony capitalism is totes Marxism! Totes!
    >> Anonymous 11/08/11(Tue)07:20 No.247572
    >>247552
    We are not complaining about investment into actual economy, but brute force speculations and high frequency looting. Learn the difference.
    >> Anonymous 11/08/11(Tue)07:21 No.247578
         File1320754869.jpg-(13 KB, 450x300, 06WPCDAY2_238.jpg)
    13 KB
    >>247552
    >Innovation in the past 30 years
    >Economic bilking and super-soakers
    >> ImplyingImplications !!maaS/hB0pVp 11/08/11(Tue)07:21 No.247579
    >>247568
    http://en.wikipedia.org/wiki/Economy_of_Singapore#Macro-economic_trend

    30 years of growth is not a bubble.

    However the reaper is in socialist Europe RIGHT NOW.
    >> Anonymous 11/08/11(Tue)07:21 No.247580
         File1320754890.gif-(56 KB, 275x314, nick1.gif)
    56 KB
    >>247563
    this is the best example you found?
    >> Anonymous 11/08/11(Tue)07:22 No.247588
    >>247579
    They were saying the same thing of Japan. Then the 90 bubble happened. Japan never recovered.

    Guess which country in there has an even bigger bubble ? South Korea ? China ? Both of them actually.
    >> Anonymous 11/08/11(Tue)07:23 No.247591
         File1320755031.jpg-(61 KB, 800x600, Duke-Nukem-64-Nintendo-64-Emul(...).jpg)
    61 KB
    >>247557
    THE FACT THAT AMERICAN FINANCIAL INSTRUMENTS EXISTS INCREASES GDP MASSIVELY

    WE SUCK IN MONEY FROM AROUND THE WORLD LOOKING TO INVEST IN THE BEST COMPANIES IN THE WORLD IN THE MOST SECURE MARKET IN THE WORLD

    OUR TOP EXPORT IS SHARES OF STOCKS AND BONDS
    >> Financial Services Guy !!irpohcY63Wp 11/08/11(Tue)07:25 No.247596
    >>247552
    Not really. Wall Street has become more of a very annoying casino at our expense. Because of the cheap credit, the stock market is nothing but rumors and speculations, not merit or results.
    >> Anonymous 11/08/11(Tue)07:26 No.247605
    >>247572
    That's nice but did you know that speculation produces profits which go into the GDP of the US?
    That's right, the evil bankers the economy grow

    refer to this link -> http://en.wikipedia.org/wiki/Financialization
    >> ImplyingImplications !!maaS/hB0pVp 11/08/11(Tue)07:27 No.247613
    >>247596
    But thats a case against socialism, not for more of it.
    >> Anonymous 11/08/11(Tue)07:28 No.247620
    >>247596
    Speculation creates profits, that money is spent in the economy, economic growth ensues
    >> Anonymous 11/08/11(Tue)07:28 No.247622
    >>247605
    >believes in magic

    this is our true problem
    >> Financial Services Guy !!irpohcY63Wp 11/08/11(Tue)07:29 No.247627
    >>247605
    >he thinks spending in economic growth
    >he thinks GDP is an accurate representation of economic health

    Fuck, even in school they told me that bullshit is bullshit.
    >> Anonymous 11/08/11(Tue)07:29 No.247634
    >>247620
    there is no profit when you count in the bailouts

    the bailouts exist so bankers can pretend their stupid arbitrage is profitable

    they have destroyed more wealth than they have created
    >> Anonymous 11/08/11(Tue)07:33 No.247656
    >>247634
    guess who bailed them out? the government. Go protest the government, not capitalism

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