Here are some reader comments on the emotive issue of banker compensation.
1. 'Banks have already taken steps to curb compensation and change the way it is paid. We are doing our part to work through this mess, but how are lawmakers, credit rating agencies and regulators, which are equally culpable, changing the way they operate ?'.
2. 'Banker pay is a complex issue, no doubt. But capitalism is yielding too much reward to those in all industries, whether they are successful or not. Unless the system can right itself, expect even more government intervention on pay'.
3. 'Bonus payouts were not the cause of the financial crisis, so capping compensation alone will not prevent this happening again. It's far more important to look at risk and regulation'.
4. 'Welcome to the modern culture of blame-everyone-else-except-me. It's great to have an easy target to lay the blame at - especially if you don't have to acknowledge your own responsibility. This crisis was down to greedy borrowers - the very people who are complaining now that banks aren't lending to them!'.