Felix Salmon has no sympathy for bank executives facing pay caps:

[T]hese guys are effectively civil servants now, and they deserve to be paid as such.

Alex Tabarrok counters:

If the administration actually follows through, most of these executives will quit and get higher paying jobs elsewhere...Chaos will be created at these firms as top people leave in droves.  Will the administration then order people back to work?

Time for a Bainbridge rant.

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