National Debt Clock

Thursday, May 14, 2009

Administration in Early Talks on Ways to Curb Compensation Across Finance

http://online.wsj.com/article/SB124215896684211987.html

"Government officials said their effort, which is just beginning, isn't aimed at setting pay or establishing detailed rules. 'This is not going to be about capping compensation or micro-management,' said an administration official. 'It will be about understanding what is the best way to align compensation with sound risk management and long-term value creation.' "

So now the government knows how to run banks? I didn't know we elected them based on that criteria.

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