As always, the government is a step behind and Wall Street is scamming the system. That's what happens when you have a revolving door between Washington (including, of course, the Obama White House) and Wall Street. Nobody will ever do anything to damage their job prospects so Wall Street will always be able to game the system no matter what they do. It's a Wall Street government so big deal.
U.S. regulators will propose on Monday that executives at the largest financial institutions have half of their bonuses deferred for at least three years as part of efforts to curb excessive risk taking, according to two people familiar with proposal.
The proposal, to be unveiled at a Federal Deposit Insurance Corp board meeting, applies to top executives at financial companies with $50 billion or more in assets such as Bank of America Corp, JPMorgan Chase & Co , Goldman Sachs Group Inc and Morgan Stanley .
How much of the deferred pay an executive could receive would be tied to the performance of the company based on decisions made by the executive during the period covered.
