April 16, 2014

U.S. Regulators Try to Keep Up With Wall Street’s Moves to Foil Compensation Reforms

It doesn’t seem like all that long ago Wall Street came to Washington hat in hand to get bailed out of an existential threat of their own doing. A U.S. financial system in flames would have touched nearly every single American where it hurts – their own wallets – so Washington paid up. Taxpayers and big bank executives alike would do well to remind themselves that no other class of citizen – save corporate citizens – have the standing and ability to do so well for themselves with Uncle Sam when they make a mistake.

Essentially, Wall Street got a do-over. How often do you and I get a do-over when we massively screw up? Hardly ever, and never paid for with our neighbors’ tax dollars.

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