SocraticGadfly: Federal Reserve wants to 'review' banker pay

October 22, 2009

Federal Reserve wants to 'review' banker pay

Yeah, right. I'll believe this when I see it.

Also, per the story, "review" does not mean "regulate." I'm not the only skeptic:
"I'm impressed, but I am skeptical . . . What is new is the Fed seems to be interested in doing anything about it," said Dean Baker, an economist and co-director of the Center for Economic Policy Research, a liberal group. "I'm glad to see it, but it's a story of which you have to be skeptical."

Maybe it's part of a larger power struggle/big by the Fed.

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