capitalism

Just how tough are the Obama administration’s new executive compensation limits for bailed out firms? Well, as a hint, Wall Street sees them as no threat at all. Indeed, The Washington Post today gets a few telling quotes from bankers who are giddy that these are the only standards they’ll be held to.
“Our people kind [...]

Congressional Democrats may be pushing for some concessions from the finance industry in return for the billions they’re receiving in taxpayer bailouts, but President George W. Bush has other ideas. From today’s Washington Post:

Democrats and Republicans came together for the Wall Street rescue. But as they begin deliberations on long-term reforms, both seem to be prepping for a heated partisan battle.