The promise of “no more bailouts,” enshrined in last year’s Wall Street reform law, is just that — a promise. The financiers (and their lawyers) will always stay one step ahead of the regulators. No one really knows what will happen the next time a giant bank goes bust because of its misunderstanding of risk.
The Romans even figured out how to deter cowardice that causes the death of others with the technique called decimation: If a legion lost a battle and there was suspicion of cowardice, 10 percent of the soldiers and commanders — usually chosen at random — were put to death.
http://www.nytimes.com/2011/11/08/opinion/end-bonuses-for-bankers.html?_r=1
In this same line of thought - how about the politicians don't get paid unless they keep the budget balanced?
The Romans even figured out how to deter cowardice that causes the death of others with the technique called decimation: If a legion lost a battle and there was suspicion of cowardice, 10 percent of the soldiers and commanders — usually chosen at random — were put to death.
http://www.nytimes.com/2011/11/08/opinion/end-bonuses-for-bankers.html?_r=1
In this same line of thought - how about the politicians don't get paid unless they keep the budget balanced?
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