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Tag Archives: Washington
A good case for regulating credit default swaps
That sounds like preaching to the choir — I mean, is there anyone out there who thinks Wall Street should continue to barrel along, unwatched and untouched? But I’m going the other direction on this — too many people are … Continue reading
Posted in business, Uncategorized
Tagged American International Group, Credit default swap, Financial services, Insurance, Washington
10 Comments
AIG reins in pay? Don't be so sure
Everyone’s favorite Keystone Kops company — oh, excuse me, I meant faltering insurance giant — has gotten religion. Allegedly. These are the folks, remember, who got more than $180 billion in bailout funds, then paid multi-millions of our dollars as … Continue reading
Slowly, so slowly, the bank bailout jigsaw pieces fall into place
Yes, financial industry bonuses remain way too high. Yes, I still hate the fact that our system allows millions to go to people who have jobs simply because taxpayers bailed out their companies. And yes, I think the phrase “retention … Continue reading
Posted in business, politics
Tagged Ben Bernanke, Financial services, Goldman Sachs, Jamie Dimon, John Mack, Morgan Stanley, SEC, Washington
1 Comment