[_b8r0]

Lets say you have a hospital. The guys that run the hospital pay themselves large bonuses, because all hospitals pay large bonuses at the board. The board screws up (as in people start dying), and you tell them that they won't get any more bonuses. Soon members of the board leave and find other jobs, because all other hospitals pay such bonuses at this level. Then you find that you can't get people from other hospitals to replace them, because you don't get bonuses.

This is a crappy analogy to what we're looking at. It's not just the bankers at the top getting the bonuses, it's the traders, the front and back office, legal, every bit of the business that brings in money (or not as the case may be). It's a systemic problem requiring a systemic solution.