Deny pensions to former execs of too-big-but-failed companies.
See also: “Troubled asse(t)s,” wherein Credit Suisse Group compensated bankers “with an illiquid group of junk bonds, mortgage-backed securities and corporate loans.” Cf. malus, n., “The return of performance-related compensation originally payed by an employer to an employee as a result of the discovery of a defect in the performance.”
Phrase of the day: see-through buildings.
Anyone who follows the commercial real estate market knows there are buildings in trouble throughout Washington, but as one drives along the Dulles Toll Road or Route 28, it’s hard to miss the signs of distress. “See-through buildings” dot the corridor, bereft of the interior office walls that don’t show up until a tenant does.
Tysons Corner, VA (mindgutter@flickr)
This source says the phrase was coined “during the Texas real estate bust of the 1980s.”
(cr)