Open Thread

by Mary

What to do with those Toxic Assets? James Kwak has a great idea:

Why not say that all bank compensation above a baseline amount - say, $150,000 in annual salary - has to be paid in toxic assets off the bank’s balance sheet? Instead of getting a check for $10,000, the employee would get $10,000 in toxic assets, at their current book value.

Sure sounds like a winner to me. (via Economist's View)