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Tuesday, November 3, 2009

Banks Have Till Feb. 1 to Come Up with Compensation Plan

“Summoned to the ornate Lower Manhattan headquarters of the New York Federal Reserve building on Monday, Wall Street’s top bankers were given a Feb. 1 deadline to submit proposals for how they plan to improve their pay practices, people with knowledge of the meeting said.” (Washington Post, Tuesday)

Misdiagnosis leads to mistreatment.

FEE Timely Classic
“Banking Without the Too-Big-to-Fail Doctrine” by Richard M. Salsman

  • Sheldon Richman is the former editor of The Freeman and a contributor to The Concise Encyclopedia of Economics. He is the author of Separating School and State: How to Liberate America's Families and thousands of articles.