Regarding Column: To End TBTF, Remove 'Subsidy' [May 4, 2010], the underlying issue is that bank executives and boards do not actually care if their institution fails because they had their golden parachutes in place, before they even earned them, when they came on board.

I believe that for every institution put on the FDIC's "endangered list", no bonus payments, whether based on individual merit or contract, should be paid nor "enhanced salaries" issued unless and until that institution is removed from that list. No retroactive stuff, either.

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