Can excess on Wall Street ever be ended? Maybe. Some lawmakers in France have a plan that could end it.
Across the pond, in the UK, the idea of capping income is suddenly starting to make a respectable splash.
To rescue the global economy from reckless power suits, we just may need a ‘maximum wage.’ So say Australia’s top labor leaders and a daring cohort of MPs in the UK.
Senate opponents of an auto bailout want autoworkers to give up what’s left of their middle class status. But a different bailout approach — keyed off CEO pay — could actually leave our middle class strengthened.
The architects of the $700 billion bailout agreement defeated in the House left some key details tantalizingly undefined.
With our titans of high-finance now creating chaos and rewarding themselves with billions, we might do well to remember a time when someone with good sense — and a conscience — could actually lead America’s top financial institution.