John Paulson, who called for stiffer conditions on government funding in the TARP program, including the suspension of dividend payments on common stock until after TARP preferred shareholdings are repaid:
Compensation should be capped to maximize retained earnings…Bonuses should be paid in common stock to replenish bank capital.
George Soros, who agrees banks need better regulation:
We need to limit leverage and credit and reactivate margin requirements and minimum capital requirements for the banks
Phil Falcone, in defense of short selling:
It isn’t short selling that puts companies out of business but rather over-leveraged balance sheets, poor management decisions and flawed business plans.
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