The answer really is simple. The horse is already out of the barn. They can agree to return a substantial portion of the bonuses or get paid their contractually obligated bonuses….and get fired. Gone. See ya. Here is your box. This officer will escort you off the premises.
Then you start credentialing financial company executives like you do lawyers and accountants. Director level and above have to be eligible to practice before the SEC as an executive. Any executive who left a firm during a bankruptcy or within months of being bailed out must be re-credentialed before working for another financial company. Enumerate the requirements so that the Pols can’t be bribed into selling credentials for contributions: work in the industry for certain number of years at a certain level, education, etc. Execs who leave failed/failing firms cannot work for 5 years at a financial firm and must go to graduate level B school for certain number credits. (The ego deflation of being forced back to school is incentive enough for these egomaniacs.)
Congressional blowhard sessions, abuse of the tax system, or clearly unconstitutional after the fact laws will do more harm than good and this stupid dog and pony show being played now is shameful. Especially considering the people running these shows are enablers and in many cases participants in this disaster.
