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In any other industry you have to be happy to not get your life ruined as whistle-blower but in banking we again have to give them a huge amount of money to do something. It really bothers me. Why do we have to give millions of dollars? Anywhere else you would get a small reward or nothing.

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Because if you blow the whistle you will never work in that industry again.

Says who? I think with $100MM he can start his own financing/brokerage company and even paddle it on the idea of a “good guy starting financing corp”

It seems this is an argument for greater rewards for whistleblowers in other industries - not one for decreasing financial whistleblower rewards.

But this is never going to happen so let's reduce it for bankers. With these sums they incentivize people to participate in shady stuff and then cash out by jumping ship on time.

Without these sums they incentivize people to participate in shady stuff and never jump ship. You'd prefer that?

I'd prefer them to get arrested like the rest of us when we do shady stuff.

I'd prefer to make conspiracies untenable than to strengthen them by penalizing those who betray the conspiracy.

Then again, I also think we should offer Kim Jong Un a nice vacation home on St. Helena.

Considering that St. Helena was a pretty miserable place back then I tend to agree.

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