Bill Cohan Says Wall St. Compensation Needs to Be Changed

The transcript discusses the potential risks of deregulating Wall Street without implementing changes to the compensation system. It highlights the need for accountability in financial practices to prevent future crises. The speaker suggests that deregulation should be contingent upon reforms in how Wall Street compensates its employees, emphasizing the importance of accountability for risky financial behavior.

Who are the key figures mentioned in relation to Wall Street deregulation?

What is the potential consequence of not addressing the compensation system on Wall Street?