By Jennifer Liberto. Excerpt: WASHINGTON (CNNMoney.com) — As Congress starts debating how to deal with financial firms deemed “too big too fail,” some lawmakers and advocates are worried about giving the executive branch expansive new powers over the financial sector. “Mr. Secretary, I’m not a
Oct. 30 (Bloomberg) — In Washington and on Main Street, politicians and voters are railing against Wall Street’s multi- million-dollar pay packages. In the financial world, most executives expect their bonuses to match or exceed last year’s, with 1 in 10 predicting their best-ever payout.
Are you furious? If not, you should be. The giant financial institutions that make up Wall Street have been bailed out, thanks to trillions of dollars of our money, and are on track to hand out record-breaking multibillion-dollar bonuses while millions of regular folks are
October 19, 2009 Op-Ed Columnist Click here for link By PAUL KRUGMAN It was the best of times, it was the worst of times. O.K., maybe not literally the worst, but definitely bad. And the contrast between the immense good fortune of a few and
By: Victoria McGrane October 19, 2009 04:53 AM EST Click here for link After the Treasury Department released its legislative draft for financial regulation reform in July, administration officials contacted Senate Banking Committee Chairman Chris Dodd to set up a briefing. But the Connecticut Democrat