Questions for the big bankers
Image via Wikipedia
There are more days than less that I can barely read the editorial section of the New York Times. It is all so annoying, depressing and just more of the same shit. Yet today was a winner. Maureen Dowd went off on the debacle at NBC in regards to Conan O'Brien and Jay Leno thanks to Jeff Zucker. Brilliant.
Although I loved Dowd, my favorite today was "Questions for the Big Bankers". Most of the questions were lengthy except for the one that I liked the most which went straight to the heart of the matter.
1 – Describe in detail the 3 worst investments your bank made in 2007 and 2008 – that is, those transactions on which you lost the most money. How much did the bank lose in each case?
2 – What was the total compensation of each manager or executive supervising those 3 transactions – including yourself – in 2007 and 2008?
3 – Are those executives still with you bank? What investments do they supervise today? How much will they be paid for 2009, including their bonuses?
I want to hear the answers to those 3 questions from each bank head at the inquiry commission today. My guess is the answers to those questions will make the heads of each of the banks squirm and leave every senator on the committee with their jaw hanging. Someone is going to have to tell the senators to close their jaws at that point because they might catch flies.