Fed issues guidelines to restrict pay practices at banksBy Neil IrwinThursday, October 22, 2009; 2:54 PM
The Federal Reserve issued new guidelines on Thursday that will restrict pay practices at banks, aiming to prevent them from paying employees in ways that could endanger the firms' long-term financial health.
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Thursday, October 22, 2009
Fed issues guidelines to restrict pay practices at banks
Car companies, insurance companies, banks, hot dog stands, baby sitters... the Federal Government simply wants to be sure that anyone who is employed will not be overpaid. No such restrictions will apply to those who receive any number of Federal, State, local or volunteer organization assistance... the more you get, the better. Have to keep the core Democratic Party voters happy.
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