Detailed text transcripts for TV channel - MSNBC - 20100402:02:36:00
The second reason is that this compensation structure in which you get all of the upside but dont have that losses on the down side, if you have a really good year, you have a big bonus. if your firm loses money, there arent clawback provisions. that presents a lot of risk taking. the third thing is that its just fundamentally evisiates our system. these people were not making this because they were geniuses. >> what about that we as a society -- i know this is the oldest question in the book --...
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