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Thursday, October 22, 2009

Obama Orders Executive Pay Cuts at Bailed-Out Banks


“The Obama administration slammed Wall Street by ordering pay cuts of an average of 50 percent and caps on benefits for top executives at companies owing the government billions of dollars from taxpayer-funded bailouts.” (Bloomberg, Thursday)

We should want the people mad enough to demand no more bailouts.

FEE Timely Classic
“Bailing Out Statism” by Sheldon Richman


  • 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.