The most effective anti-bonus program so far has been the proposal by Sheila Bair at the FDIC that all the big banks (or is it all banks?) must prepay their FDIC insurance for 2009-Q4 to 2012 at the end of 2009.
That ought to put a real crimp on all the recent and new-found bank profits, and therefore also the bonus programs, one can hope. I think Sheila Bair is being very clever — she knows what the bankster bounus thieves are up to and at the same time has a valid need for the insurance premiums because the FIDC insurance fund is running low. For her and the American public it is a win-win situation to grab the profits while we can.
