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"Obama dictates bankers' pay"

Steve Chapman: "Our leaders in Washington didn't know how to prevent the current financial crisis, don't how to solve it, and don't know how to keep it from ever happening again. They haven't figured out how to eliminate the drag of toxic debt, stem the flood of foreclosures or revive lending. But they do know one thing: how much money bankers should make." More: Larry Ribstein, John Carney (announced measures have more sound than bite), Geoffrey Manne, Truth on the Market (notes plans to extend pay regulation to unbailed-out businesses). Contrary views: Yves Smith, Felix Salmon.

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Rafael Mangual
Project Manager,
Legal Policy

Katherine Lazarski
Manhattan Institute


Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.