Monday, February 16, 2009

Are U.S. bankers wusses?

According to TPM:
A British politician is now calling for bonuses at bailed-out banks to be limited to £2,000, the amount typically received by low-level bank tellers.

At current exchange rates this is equal to $2,854.30 -- less than 1% of the cap that Claire McCaskill has advocated over here, and for which she's been either praised or reviled as a populist lefty.
It seems like every time someone suggests exacting a fraction of the pain common Americans experience on the bankers who got us into this mess, industry defenders scream foul and attack reformers as left-wing extremists. I'd like to test just how Anglophile some Americans are by taking the same kind of scalpel to our banks that Britain is taking to theirs. Let's see just how tough otherwise protected and pampered bankers can be.

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