William Lind has a great article today at Antiwar.com, comparing the Bush Administration to corporate managers who profit by defrauding the shareholders and wrecking the company. I can think of another business analogy explaining the GW Bush and just about every other US President. In the world of institutional trading, risk managers worry about setting up improper incentives for front office traders. A big concern is the notion of a “free call” option, where an intitutional trader gets a salary combined with an unlimited or exorbitant bonus incentive. With such a set up, the trader can go for broke risking … Continue reading A Deadly Call Option