Originally posted by sasguru
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If I was running a bank I'd certainly never invest into subprime crap. I would never use leverage that could potentially result in losses that would bankrupt bank - never would I do such a thing and I would fire anybody on the spot who would suggest any such "plan".
In fact I'd setup pay structure that would reward people for correctly made long term decisions - bonuses would be paid out for long periods of time, and this might include time if that person left the bank - for example making good decision now, then leaving in 2 years, but I'd still pay good bonus for years to come if that was a good decision.
One more thing in my bank - I'd sack anyone if they spend their bonus on Porsche or anything stupid like this.
SKA Bank, coming soon to High Street near you.
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