Pages

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.

No comments:

Post a Comment

Your comments are appreciated, as is at least a modicum of politeness.
Comments are moderated, so yours may not appear immediately.
Due to various forms of spamming, comments with professional websites, not your personal website or blog, may be rejected.