Re:UBS Got Credit Suisse for Almost Nothing
by rcme on Monday March 20, 2023 @05:55PM
(#35239336)
Yes, but in banking, government bailouts have also come to be expected. Clearly the public should consider bailouts and fat profits and bonuses as fundamentally incompatible.
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>bailouts and fat profits and bonuses as fundamentally incompatible.
I noticed you specifically called out "bonuses" but not salaries or wages, implying that bonuses are bad but salaries and wages are not. However, as I pointed out, the bonuses should effectively be counted as wages because they're expected.