The New York Times had a piece today where Wall Street wizards defended the bonuses they pried out of the money given to them by the Treasury Department, i.e., you and me. Here's one such rationalization:
“On Main Street, ‘bonus’ sounds like a gift,” he said. “But it’s part of the compensation structure of Wall Street. Say I’m a banker and I created $30 million. I should get a part of that.”
OK, now say you're a banker and you lost $30 million. What should you get for that?