Bank Bigwigs Should Pay For Failures, Says Think Tank

Bank board members should be forced to pay for bank failures to discourage risky behavior by financial institutions, according to the Adam Smith Institute.

  • 21 Sep 2012

Bank board members should be forced to pay for bank failures to discourage risky behavior by financial institutions, according to the Adam Smith Institute. The think tank also called for clawbacks of bonuses within 10 years if problems arise at the banks.

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