Regulate and cap just to make a point in the political game, produce the illusion you did address the bonuses and level of salaries that have sometimes been over the top.... afterwards...., some seem to have the intention to come to Pittsburgh to dictate the results of their failed home policies.....
Common sense teach that in most cases, when too much money is spent in an inappropriate way or at least evaluated as such, it's just mean it is made too easily.... so trying to regulate or cap the amount or nature of the spendings is adressing the consequences not the cause of the problem.... Why not trying to address the competition conditions of the sector where we all know the consumer is very poorly treated?
By how much do you evaluate the chances of capping salaries or bonuses with success if the companies paying these bonuses and salaries don't see any change of their forecast level of profits?
Don't you think they will quickly find some new ways to do what they want with their profits if they don't see any change in the future market conditions?
Should Governments be ever involved in what companies do with their profits? Should Governments be more implicated in legislations giving a more balanced relation between industries and consumers knowing that in europe for quite a while before the crisis, the industry acting like a cartel made some very very easy profits (billions) collecting fees of all kinds from every account holders, most being disproportionate ?
Did in europe, the industry agreed on what and how much all kinds of services previously free weren't anymore.....?
Have these very easy made billions been spent unwisely on bonuses and salaries of Ceos ... and invested just as unwisely fueling the real estate backed securities bubble ?
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