How Can I Miss You if You Don’t Leave?

Some people are worried that the proposed $500,000 salary cap for executives of banks that receive Federal bailout money will cause a drain of top talent from the financial sector.  

This brief article notes that salaries in the financial services sector have generally been on par with other professions, with two exceptions – the decade of the 1920’s (right before the Great Depression), and the two decades prior to our current economic meltdown.  
So in other words, when salaries in the financial services sector were allowed to fluctuate wildly out of line with professionals in other areas, the result was that the country/world was plunged into massive depression (ok, recession for those of you still unconvinced of what we’re in or about to enter into).  
Maybe I’m missing something, but why are we sad if these people now choose to go elsewhere?  The current economic debacle happened on their watch.  They were being paid outrageous amounts of money, and the net result was to run the system into the ground to line their own pockets and the pockets of their investors.  Sorry, but I can’t say I’ll be sorry to see all of this ‘talent’ move into other arenas.  Maybe they can all become lawyers and devastate the legal profession just as effectively.  I’m pretty sure we wouldn’t be providing a lawyer bailout program – so maybe this could be a win-win situation after all!

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