American Common Sense

Letter to the Editor, New York Times

The Financial Times reported recently (February 4th) that many U.S. bankers are “enraged” because of pay limitations that are part of the newly passed stimulus package. Some bankers are warning that these pay caps will lead to a “brain drain,” causing these high-minded financial titans to fly the coop, leaving banks bereft of their greatest minds.

Brain drain? What brains?

Tom L. Clark
Berkeley CA