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I have to say I agree with MakoMike. I do not know how you can do this legally without drastically changing the way business is done but it is very problematic that these Wall Street guys take down millions in comp every year and when their business is threatened because of their recklessness the taxpayers have to pony up. Meanwhile these guys get to keep all their gains from the years running up to the crash.
The government should charge all the banks a yearly fee for being the backstop. No private workout company would ever do a deal without taking a big piece of the potential upside yet the government using our money step in every 7 years or so and gets these guys back on their feet and we see nothing from it.
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