Of Poverty, Banking, and the Arts

Yesterday on CNBC, host Mark Haines said that Wall Street could not possibly be run well by people making $250,000. Here’s the transcript:

Let’s get back to what I regard as a fundamental issue here. I know
it’s politically unpopular, politically incorrect. I know it goes
against all of the populist indignation that’s out there right now. But
you can’t really, it seems to me, expect that these Wall Street
companies are going to be run well by a bunch of people who don’t make
more than $250,000.

Here’s the video:

Uh huh.I’m trying to make a connection here between how much you’re paid and how good you are at your job. I’m trying to make a connection here between what would seem to be considered “poverty” pay for a reckless banking industry and what for a salary in the arts would be considered king’s riches. Nothing’s coming to mind…