Bankers get bad securities for bonuses

This sounds like a GREAT idea!

http://www.cnn.com/2008/POLITICS/12/22/rediker.bonus/index.html

Credit Suisse, just announced that it would pay its bankers up to 80 percent of their 2008 year-end bonuses in the form of what The Wall Street Journal called "an illiquid group of junk bonds, mortgage-backed securities and corporate loans" instead of cash or stock, as had been the norm throughout the industry.

CS effectively told its bankers that this year, instead of getting paid money, they would get paid in kind -- the same kind of over-leveraged, securitized paper that caused much of the crisis in the first place.