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If there's a bailout of these large banks, then the top officers and the entire board of directors should be required to pay back-100% of their compensation, and 95% of all capital gain on their own investments from that compensation, to the federal government, retroactive for-the past-7 years. For any individual who received compensation during that period who is not currently an employee at the time of the bailout, the same rules should apply, prorated according to their time in office. If they cannot, all of their assets should be seized, and that includes any assets transferred or hypothecated over the past 7 years.-
All of the staff for those companies-should be required to forfeit all income received from the firms in question above $250,000 per year for the 7 years preceding the bailout or have their assets seized in lieu of payment. For those unable to pay, they may keep $50,000 in equity in real estate, a vehicle worth $5000, and $10,000 in a cash bank account, provided that they have given a complete accounting of all assets. In the case of asset seizure, this may include at the court's discretion, seizure of any assets transferred to others during the preceding 7 years.
The only exceptions should be individuals who made actionable reports to the SEC or law enforcement, or in some way significantly risked their career to inform the public of the true situation.
The rationale for doing this is to incent all employees of such firms to care about the future. Currently, there is one incentive, and that is to make the biggest commission on the fanciest deal that can be made. Nothing else matters to any of them. Doing this will get everyone's attention. What we have here is a lack of interest.
