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Controls on Wall Street pay

After the not-unexpected bad news for bailed-out institutions -- yes, Washington will be controlling their top earners' pay -- comes this third paragraph in the Times account, which can be taken for the really newsy one (emphasis added):

[Other federal rules,] which are being described as broad principles, would set standards that the government would like the entire financial industry to observe as banks and other companies compensate their highest-paid executives, though it is not clear how stringent regulators will make them.

More: Megan McArdle.



Rafael Mangual
Project Manager,
Legal Policy

Manhattan Institute


Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.