All Commentary
Thursday, April 1, 2010

Obama Unhappy with Executive Bonuses

“[A]s firms begin to disclose last year’s bonuses ahead of annual shareholder meetings, it is becoming clear that companies across a wide range of industries are paying executives in ways that officials worry will not discourage the kind of excessive short-term risk-taking that led to the financial crisis.” (Washington Post, Thursday)

Why doesn’t Washington put its own house in order, cancel all guarantees, and leave everyone else alone?

FEE Timely Classic
“Did Deregulated Derivatives Cause the Financial Crisis?” by Robert P. Murphy