Government Interference – banker’s minimum pay

How ridiculous that the government thinks it best knows what is an appropriate level of bankers pay.
Of course there have been the most awful excesses but that is because the government’s lack of any reasonable regulation in ensuring the banks report true profits based on true value of their assets.
If the true state of the bank’s finances had been properly reported over the last decade they would have been shown to be making much smaller amounts of money and so bonuses and pay would have been much smaller.
So rather than fix the real problem, once again, they fiddle with something that makes them look good.
Why? Well there are two reasons. The first is that they are too incompetent to begin to know how to fix the real problem. And second, because, for lazy politicians, looking good is all that is important to them.