russ

Public Passion Drives Pay Czar to Arbitrarily Slash 175 Top Salaries

" a sad state when business leaders are required to buddy up to Washington"???

It is also a sad state when greed and selfishness rule. And "inhibit change"?? Part of the problem has been the arrogance of many to think that they should not change their ways. It is silly to think that most of the top people could go elsewhere and make more, there are a limited number of these positions. As an investor, I am glad these companies are starting to recover and equally glad someone in the government is exercising some common sense.

Six Steps to Hell: Our Descent into Today's Daunting Economic Inferno

Finally, an orderly presentation of the facts, without the political posturing and ideological crap of the Fox or CNBC networks. I would add that the repeal of Glass-Steagall did not cause the problem. The problem arose because of poor oversight and lack of regulation of the new compostion of the industry after that repeal. The root cause is the philosophy of the Saint Reagan worshipers that huge private businesses did not need regulation or constaints