Showing posts with label banks bailout bank bailout Obama admistration Obama. Show all posts
Showing posts with label banks bailout bank bailout Obama admistration Obama. Show all posts

Friday, October 23, 2009

Washington cracks down on bailout bank executive pay: High time

By Money Matters Editors


The Obama administration has decided to cut the pay of Wall Street executives at companies bailed out by the federal government, and Money Matters says, “It’s high time!”

The banks and financial institutions are against the crackdown, arguing that they need to continue to pay large salaries and bonuses to attract the top talent they need to run their operations.