Foundation for Economic Education » Obama Orders Executive Pay Cuts at Bailed-Out Banks

Obama Orders Executive Pay Cuts at Bailed-Out Banks

Posted By Sheldon Richman

“The Obama administration slammed Wall Street by ordering pay cuts of an average of 50 percent and caps on benefits for top executives at companies owing the government billions of dollars from taxpayer-funded bailouts.” (Bloomberg ^[1], Thursday)

We should want the people mad enough to demand no more bailouts.

FEE Timely Classic
“Bailing Out Statism” ^[2] by Sheldon Richman

Article printed from Foundation for Economic Education: http://www.fee.org

URL to article: http://www.fee.org/articles/in-brief/obama-orders-executive-pay-cuts-bailedout-banks/

URLs in this post:

[1] Bloomberg: http://www.bloomberg.com/apps/news?pid=20601103&sid=anpmucVJCdIs

[2] “Bailing Out Statism”: http://www.thefreemanonline.org/columns/peripatetics/bailing-out-statism/

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