In today's edition, the New York Times calls for a bank employee compensation policy that would penalize what the NYT considers "speculative activities or other excessively risky transactions."
Interestingly, were the feds to adopt such a policy, it would discourage banks from lending to the NYT itself. See here for an explanation of the NYT's financial difficulties. The NYT also reported that its parent had to sell its headquarters, then lease it back to raise cash. Lending to an entity with the NYT's financial difficulties would be considered by many to be an "excessively risky transaction," one for which bank employees would receive no remuneration under the NYT's own plan.
If the NYT want to endorse a plan that will foreseeably result in it losing its access to capital, far be it from 'Puter to stand in its way.
lolbama! Part 175
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