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    * Good to see: "Washington launched its biggest offensive yet against runaway Wall Street pay practices Thursday, taking aim at everyone from senior executives to high-flying traders of complex securities. Leading the charge was the White House, which outline a series of drastic pay cuts for top executives at the nation's biggest bailed-out companies, including AIG, Citigroup and Bank of America." * In related news: "A day after the Obama administration clamped down on executive pay at companies that received federal bailouts, the Federal Reserve acted more broadly Thursday to curb pay packages that encouraged bankers and other executives to take the kinds of reckless risks that contributed to the housing bubble." Full Article at Political Animal
    Washington launched its biggest offensive yet against runaway Wall Street pay practices Thursday, taking aim at everyone from senior executives to high-flying traders of complex securities. Leading the charge was the White House, which outline a series of drastic pay cuts for top executives at the nation's biggest bailed-out companies, including AIG, Citigroup and Bank of America.
    SOURCE: Political Animal 1 month ago