Bloomberg, Capitalisms Fifth Column Gets Worse

Is there any business transaction they do like? Their online rag has been railing for more intervention, more regulation, and less freedom at a fever pitch. With the sometimes exception of Caroline Baum, their op/ed writers are statists to the man.

Matthew Lynn covers the hackneyed rant; bankers’ bonuses are too high and they are obnoxious people. I can’t think of a single banker who would take these ludicrous arguments seriously. His reasoning speaks for itself:

The only people who have a right to share bank profits are the people who put money at risk: the shareholders. The employees don't usually put their money on the line, so they can't expect to receive some of the profits.
…
A bonus isn't a salary. Nor is it a dividend. It is a reward on top of your usual remuneration for exceptional effort or outstanding performance. It should probably be unexpected.

Bankers may claim they have made a lot of money for their employers. So what? That's what they were paid for. The people serving the burgers and fries at McDonald's Corp. restaurants aren't entitled to a bonus just because the business happened to do well one year. They already got paid for doing their jobs. The same principle should apply at a bank.

..and so on.