National Debt Clock

Thursday, May 14, 2009

Administration in Early Talks on Ways to Curb Compensation Across Finance

"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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