Wednesday, March 18, 2009

Retention Bonuses

There is much furor over the AIG retention bonuses, and there will probably be more about Fannie and Freddie's, but I don't get why there is the need for them.   The financial industry has contracted severely, and will likely continue to contract.  Where are these folks, the "stars" of AIG and Frannie purportedly going. Are JPMorgan and Goldman Sachs hot after talent with a subject matter expertise in blowing up the world's economy?  It all just seems so odd to me.

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