Kill Wall Street Bonuses! Better than Peter Schiff or Dr. Marc Faber!

[hiyukenmusic]

Using tax policy to influence thought process in a society works. It works for us when we are deciding to either buy a big screen TV or to hire a tax attorney. I think it will work equally with big banks and their employees.

[baigandine]

Free market shitfuckery is what brought down the economy this time. If we're to accept the banks' idicoy we have to allow them to fail. If we are to bail them out, we have to put restrictions on their idiocy.

[bajoverga]

You're a moron. Way to ride Schiff's coattails.

[rich2rock]

I never got a fucking bonus for my record breaking work at my job! I did it a few times!! Why should they? They have their good pay! That is all they deserve, like the rest of us.

[JejuLee]

@Pismo10

That "typical clueless academic" is the only person that is giving you a chance to live. Had a pitchfork or a shotgun up your ass lately?

[gilbertl2000]

Article 1 Section 9 of the U.S Constitution: No bill of attainder or ex post facto law shall be passed.

[93msinclair]

Not only does this not solve the problem, but you can't tell private companies what to do with their own money. If you don't want private companies spending tax payers money then don't give it to them idiot.

[baigandine]

Conditions can be placed on it if they accept it.

[Jpiedro]

Tax the windfall profits would be the pretense...A policy which could EASILY morph into a tax for every other honest and legitimate executive and/or entrepreneur... A scenario which could, and likely would result and thus usurp more power over society.

Just ignore these IMF fraudster's - they play on the same team as Helicopter Ben, Tiny Tim Geithner and all the other Washington crooks.

[dan0813]

He couldn't be more right that these too big to fail companies would not exist if it wasn't for the government and they would not have made the money they did last year if the govt hadn't bailed out fannie mae and freddiemacs bonds and used them to guarantee 90% of new mortgages. Don't kid yourselves.... if fannie and freddie' s debt had not been assumed by the government, It would be the great depression II for a couple of years at the least. Our currency problems hopefully won't be worse.

[roseagain2]

It's the government that needs to learn their lesson.

[K46620]

This is not better than Schiff...

[hiyukenmusic]

@K46620 Simon Johnson is a former chief economist at the IMF and a professor at MIT. Peter Schiff is..........

[special1740]

I am a centrist technocrat :-)

Return Glass-Steagall Act!

[00dfm00]

I don't see how this IMF guy is saying anything better than Schiff or Faber. If we had let these too-big-to-fail banks fail, this would all be a non-issue. The employees/management would be stuck with finding jobs at banks that had to make their money without government help.

The idea that the world would colapse if the big banks failed is ridiculous. There were plenty of solvent smaller banks that would have loved the business.

[pismo10]

Typical clueless academic. Just what we need, the govt setting wage and price controls..Gee that has worked so well in the past...

[DavidAKZ]

Will he slip on the soap ?