True To Form

So the financial companies that are getting billions of taxpayer dollars are getting too much heat over bonuses. The answer to this problem, according to Bank of America, is to increase the base salaries and not the bonuses. I will give you ample time to try to digest this as it is hard to digest . . .. Time is up and the answer is . . . increasing salaries versus bonuses does not cure the problem. These are the people that caused the mess. They deserve neither the salary, the bonus nor the revised salary. Frankly, from a lawyer's perspective they should be sued for all this and more, but what do I know. Either way, no raises or bonuses seems logical for companies sucking wind.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aSxLH6u4FVJw&refer=home

Disclosures: None