The usual howls of outrage against bank bonuses, especially against those paid out by banks supported by the taxpayer in the UK and USA.

But, duh:

Banks with government guarantees take the biggest risks, make the most money, and pay the highest bonuses!

Simple way to stop all this?

Try capitalism. Re-privatise responsibility:

There is only one way to resolve the bonus problem. We should continue to let shareholders pay their managers whatever and however they want. But we must get out of the business of guaranteeing against failure.

The bankers and the shareholders who enjoy the rewards of risk-taking should be made to act like real capitalists: They should be required to assume the risks that go along with the banks’ business activities.