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May 14, 2009 at 7:33 am

Now Obama Wants to Regulate Banks and Financials on Employee Compensation

wall of banks

(Bank Buildings by Dystopos via Flickr)

Another incredible turn towards despotism. Now the Obama administration wants to regulate how much financial companies pay all their employees—not just executives—and not just the companies that received bailout money! What a dangerous turn of events. Read this WSJ article:

U.S. Eyes Bank Pay Overhaul

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