Power Line Blog is reporting that Credit Suisse announced today that bonuses for its top executives would be made in illiquid, mortgage-backed securities.  These executives are responsible for the acquisition of these things and the company is returning them as bonuses.  If the paper goes up in value, the bonuses will actually be worth something.

John at Power Line Blog adds this comment:

“I’d like to see this idea spread. Maybe Congressmen could be paid in Freddie Mac paper and union officials in GM stock. The possibilities are endless!”