On bonuses

The chief executive of Bosch, the world’s largest car-parts supplier, said on Wednesday: “Industry and other clients of banks ... will no longer have to accept uncritically the omnipotence of the large banks.

“We will act very selectively. We will refrain from doing any more business with those banks that think their main objective is to maximise bonuses.” He added that he was “very angry” over the behaviour of some banks.

I kinda think it's the banks business whether they give bonuses to their employees, but this seems a better approach to changing their behavior rather than the government butting in. If corporations, businesses, and individuals vote with their custom maybe the banks will chose to change. When the government butts in all we get a war of the lobbyists [payoffs and influence peddling] with an uncertain result that’s certain to screw us. Just my opinion.

H/T to Dick.