Wednesday, October 08, 2008
Would there be less greed on Wall Street if CEOs knew they'd have to answer to taxpayers the old-fashioned way? Getting punched in the face can be a helpful tool in recognizing unacceptable behavior in oneself. If it's too much to ask politicians to keep these guys from stealing our money, maybe we should make a new rule that anyone who lost money in the market gets one free punch to use on anyone who allowed this to happen. We distribute a deck of cards with the faces of the most egregious offenders and they would have to walk around knowing that a punch could be coming at any moment. Maybe they could be removed from the deck of cards if they volunteered to give up most their assets. I'm still working out the details, but I think there's something to this.