THE MOTU STILL DON'T GET IT

One good result of the G-20 Conference was an agreement that the obscene payments to the MOTU should be curtailed. The MOTU still don't get it, including this clown.

Bankers rage at G20 'witch hunt' against bonuses and buccaneers
Basic pay bumped up as City tries to retain risk-taking 'talent', warning it may go abroad
Elena Moya The Guardian, Saturday 4 April 2009 Article history

"Regulation is generally bad. You should let the market decide what the people will get paid," said Matthew Prest, managing director at Close Brothers investment bank. "Sometimes regulation has the opposite effect of what you want and I think bankers' salaries regulation would fall under that category. I don't hear anybody calling for Hollywood star salary caps. This is a trendy, fashionable thing to do, it will have bad consequences."

I don't recall Hollywood stars causing a world wide recession.