Rage can be cathartic and constructive. But the outbreak of anger about bankers' bonuses is muddled and comes too late. The way that many bankers are rewarded needs to change. But bashing the industry about pay oversimplifiesrnone problem and ignores another, deeper one.rnThat pay has become a touchstone is no surprise. What could better demonstrate the inequities of modern finance than multibillion-dollar rewards for the bankers and ious for the taxpayers who have bailed them out? Politicians are not about to pass up an opportunity this golden. American and British bank bosses were hauled up in front of lawmakers on February 10th and 11th to issue scripted apologies for their mistakes and to answer mocking questions about their pay packages. The poor lambs are even being shunned in private: many moan that this year's Davos meeting gave no shelter.
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