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View Full Version : You Thought It Couldn't Happen Here...



Kathianne
03-22-2009, 12:20 PM
Give an inch...

No mention of TARP....

http://www.nytimes.com/2009/03/22/us/politics/22regulate.html?_r=1&hp


March 22, 2009
Administration Seeks Increase in Oversight of Executive Pay

By STEPHEN LABATON
WASHINGTON — The Obama administration will call for increased oversight of executive pay at all banks, Wall Street firms and possibly other companies as part of a sweeping plan to overhaul financial regulation, government officials said.

The outlines of the plan are expected to be unveiled this week in preparation for President Obama’s first foreign summit meeting in early April.

Officials said the proposal would seek a broad new role for the Federal Reserve to oversee large companies, including major hedge funds, whose problems could pose risks to the entire financial system....

emmett
03-22-2009, 02:09 PM
Imagine that!

crin63
03-22-2009, 05:11 PM
Well you do have to take the incentive out of capitalism in order for socialism to expand.

Abbey Marie
03-22-2009, 10:43 PM
Scary.