Newly minted billionaire Lloyd Blankfein gets paid hundreds if not thousands of times more money than the Pope for doing "God's work"

The story is here:

http://money.cnn.com/2015/07/17/news/companies/goldman-blankfein-billionaire/index.html?iid=ob_homepage_deskrecommended_pool&iid=obnetwork

I have no objection to Blankfein making this much money even if I question the theological accuracy of his claim before Congress a few years ago that Goldman Sachs is doing "God's work".

But perhaps he, and the top brass at Goldman Sachs and other banks, should have the same personal liability for their firms' debts that Goldman Sachs partners had for decades before these banks became public companies (Goldman made the switch in 1999).

Personal liability -- and personal responsibility -- of the most highly paid bankers is workable without going back to partnership form, as Claire Hill and I explain in this book to be released by University of Chicago Press later this summer:

http://press.uchicago.edu/ucp/books/book/chicago/B/bo21263462.html