Report: Government Bailout Had No Lasting Impact On Bank Pay

The government's restrictions on pay at banks bailed out by taxpayers had little lasting impact because officials soft-pedaled some issues and did much of their work out of the public's view, a congressional panel says. Obama administration pay czar Kenneth Feinberg used "black-box" processes that provide few lessons for the private sector, according to a report Thursday from the Congressional Oversight Panel that monitors the $700 billion financial bailout fund. The report faults Feinberg for...Full Story
Commenting on this article is closed.