Executive Compensation Limits? Hardly

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 More…

GOP Attacks Labor in Alternative Auto Bailout Plan

Saying the Democrats’ Detroit bailout plan “guarantees failure at taxpayer expense,” House Republicans on Wednesday introduced an alternative blueprint asking union workers to take a pay cut and give up benefits.

The current powers that be — both in Washington and Detroit — can’t be trusted to fix a More…