Again, Comrade Kucinich should be voted out of the public eye. His comments, and this article, reflect two big logical flaws in the whole discussion over bonuses.
The first is that it's somehow "bad" that people make a lot of money; this is a ludicrous idea assuming that the money is being made honestly, not stolen. The second is that "banks" should be discouraged from taking risks; this is silly. Taking risk, in anticipation of adequate reward, is the whole point of the banking/investment industry, and any well-functioning (read:capitalist) economy in general.
The first is that it's somehow "bad" that people make a lot of money; this is a ludicrous idea assuming that the money is being made honestly, not stolen. The second is that "banks" should be discouraged from taking risks; this is silly. Taking risk, in anticipation of adequate reward, is the whole point of the banking/investment industry, and any well-functioning (read:capitalist) economy in general.
