Solutions to the Economic Crisis

Does banker pay matter?

There have been two arguments for limiting bankers' pay. One is that it's a way to punish executives at corporations that took a taxpayer bailout. The other is that it's a way to reduce the incentives for taking risks and is thus key to the new regulatory structure. I don't buy the latter argument. It misunderstands, I think, the nature of a banker's risk.

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Cutting bankers' pay

The Obama administration is getting serious on bankers' pay:

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Regulating Derivatives

The House Financial Services Committee just approved an amendment mandating that derivatives traded between financial institutions must be traded on an exchange.

Posted by Ezra Klein | Permalink | Comments (3)
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