“There is the law of unintended consequences. 500K might seem reasonable to you and me, but it may not be acceptable to people that are having the restrictions placed on them. You might have personel in a really profitable divison of the firm bolt for the exits with the firms clients...”
Since it is our money on Wall Street we CAN and we SHOULD impose caps that seem reasonble to US! As the creditor, we are calling the shots.
Divisions inside companies don’t go public or conversely file bankruptcy, companies do. They all thrive or die together. So if it’s not enough even for profitable divisions, tough break..let them bolt and let the company try to restructure in Ch 11 or liquidate totally. That’s how capitalism is supposed to work.
So long as money is going from my paycheck and your paycheck to Wall Street accounts, I say we impose such drastic restrictions that no bank or entity would go for a bailout. Let them go the old fashioned capitalist way. Dig themselves out or die out....credit market freezes and depressoin II be damned.
Personally I think the big financials that are insolvent should be broken up. It is over. They won't ever regain people's confidence.