A Very Good Idea

19 Apr 2009

View this link:

http://baselinescenario.com/2009/04/18/who-had-this-good-idea-first-a-weekend-comment-competition/

Economist Simon Johnson writing in The Baseline Scenario:

In early February, James proposed that bankers’ bonuses be paid out in “toxic assets” - after all, the industry was arguing that these would definitely rebound (”it’s just a liquidity problem”) and that their “true” value was substantially above current market value. The idea was well received by our readers but not so much by the banking or insurance industry.

This is a very good idea.