Canada also never had to bail out their banks. So, we're obviously doing something right.
The financial sector should be in place to provide a service to the people. Not there to maximize profits.
And the bonuses are a big problem because it motivates risk taking. Risk taking results in the collapse of the financial system.
I say that as someone who argued that the bonuses should have been paid out because the banks were under contract to do so.
I don't think I would still argue that.
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