Bill Cohan Says Wall St. Compensation Needs to Be Changed

The transcript discusses the potential risks of deregulating Wall Street without implementing changes to the compensation system. It highlights the need for accountability in financial practices to prevent future crises. The speaker suggests that deregulation should be contingent upon reforms in how Wall Street compensates its employees, emphasizing the importance of accountability for risky financial behavior.

What is the main focus of the initial discussion in the video?

• The history of Wall Street compensation

• The comparison between KPW bank index and Wall Street bonuses

• The role of administration in financial regulations

• The impact of Wall Street bonuses on the economy

What is a potential risk mentioned if Wall Street is deregulated?

• Improved economic stability

• Deregulation without compensation system changes

• A rise in Wall Street bonuses

• Increased accountability for financial decisions

Since when has the Wall Street compensation system been rewarding high-risk behavior?

• 1970

• 1980

• 1990

• 2000

What crucial change is suggested to accompany deregulation?

• Implementing stricter regulations

• Changing the compensation system for accountability

• Increasing government oversight

• Reducing Wall Street bonuses

Why is changing the compensation system considered vital?

• To enhance market competition

• To prevent another financial crisis

• To increase Wall Street profits

• To reduce government intervention