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AP and Andrew Cuomo on Wall Street pay

Hodak Value wonders whether the news syndicate and the New York attorney general really have the slightest idea what they're talking about.

P.S. And you may have noticed the smooth move: first the government forces the banks to take capital infusions many of them didn't want and tried to turn down, then Andrew Cuomo shows up to demand that they curb executive pay, in a letter that states, "Taxpayers are, in many ways, now like shareholders of your company, and your firm has a responsibility to them." Hodak Value has more, and cf. Henry Waxman as well.

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Rafael Mangual
Project Manager,
Legal Policy

Manhattan Institute


Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.