PARIS, July 29 (Reuters)
The return of large bonuses for employees of U.S. banks is a scandal, International Monetary Fund Managing Director Dominique Strauss-Kahn said on Wednesday.
"Frankly, I'm scandalised by what I'm seeing," he said in an interview with France 24 television when asked whether he was concerned about large bonuses which encouraged risky behaviour that helped lead to the financial crisis.
http://www.silobreaker.com/imf-chief-says-us-banks-bonuses-a-scandal-5_2262490381348241412
"If not curtailed it will lead to new disasters. The bonussystem in place to search profit, easy money, a way to take irresponsible risks to make money. The return of this system, which was one of the main reasons behind this crisis bothers me very much.
I find it unexplainable no legislation has been put in motion to end this ruling of a tiny elite over a global economy and it's people"
http://www.tijd.be/nieuws/economie-...-_door_terugkeer_bankbonussen.8214005-600.art (non English link.)
The return of large bonuses for employees of U.S. banks is a scandal, International Monetary Fund Managing Director Dominique Strauss-Kahn said on Wednesday.
"Frankly, I'm scandalised by what I'm seeing," he said in an interview with France 24 television when asked whether he was concerned about large bonuses which encouraged risky behaviour that helped lead to the financial crisis.
http://www.silobreaker.com/imf-chief-says-us-banks-bonuses-a-scandal-5_2262490381348241412
"If not curtailed it will lead to new disasters. The bonussystem in place to search profit, easy money, a way to take irresponsible risks to make money. The return of this system, which was one of the main reasons behind this crisis bothers me very much.
I find it unexplainable no legislation has been put in motion to end this ruling of a tiny elite over a global economy and it's people"
http://www.tijd.be/nieuws/economie-...-_door_terugkeer_bankbonussen.8214005-600.art (non English link.)
