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According to The Wall Street Journal, the Administration is looking at a plan to drive the last talented person out of the financial industry.
The paper writes that “The Obama administration has begun serious talks about how it can change compensation practices across the financial-services industry, including at companies that did not receive federal bailout money.” That would create a vast system of regulating banks and brokerages, even those successful enough to have completely avoided government help.
Douglas A. McIntyre
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