Prof. Hill and Prof. Painter Proposal Discussed on Portfolio.com

An article on Portfolio.com discussed Professor Hill and Professor Painter's proposal that bankers be personally liable for their banks' losses. The article describes the proposal and its benefits: "If, as Hill and Painter suggest, any banker making more than $3 million a year works under a joint venture or partnership agreement with their financial institution making them liable for any losses, those bankers are going to have a vested interest in making sure that there aren’t any losses—not just in their part of the business, but firmwide."