Is it okay for a U.S. bank to pay a U.S. banker but not a U.K. bank to pay a U.S. banker?

You shouldn't be trying to create a system where no bank fails, but you should be creating one that catches a bank and allows it to fail without impacting the financial markets.

I really pay attention to the bass in the music I listen to, and that's what I tend to write toward.

When I trade, I don't have an agency problem; I have my neck on the line. When a bank or banker trades, it's not his neck on the line.

My first take on it was that one of those elements of pay would have been okay but all three of them ... added together seems to me to be too much.

Not every problem is solvable, okay.