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Prof. Nicholas Economides on bank bonus limits

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Excerpt from BBC News -- "First of all, let me say that this idea, this legislation, is misguided. The high bonuses, the high salaries were not really the cause of the financial crisis. The cause of the financial crisis was poor regulation and I think the European Union and other countries around the world have to address the problem of regulation. Just saying people should be pay less will not solve anything."

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