As far as I know, most Ph.D scholars around the world make nowhere near the kind of money that Wall Street Fraudsters make so why is everyone “worried” about a brain drain on Wall Street if pay limits are imposed?   This is the stupidest argument I’ve seen in a long while for almost anything.    The entire concept that people will leave because they won’t get paid hundred million dollar bonuses is ridiculous.  Don’t let the door hit your ass on your way out buddy!

“These people are considered the brains of the machine. They are who can pull you through the tough times,” said Steven Hall, who runs an executive compensation firm that bears his name. “This will give them reason to leave.”

NewsFlash:  There are millions of hungry Chinese and Indian college graduates ten times smarter than any of the idiots on Wall Street that will work for $50k a year.    Most of these guys do all the back end programming for financial systems anyway so who’s kidding who here?

What a load of crap!