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WASHINGTON — A House panel voted Thursday to prohibit financial firms from offering corporate pay packages that encourage executives to take big risks, going further than what President Barack Obama wanted to curb excessive salaries and bonuses on Wall Street.
Lawmakers, including Republicans who opposed the proposal because they said it went too far, said they were under tremendous pressure from constituents.
Originally posted by Matrix Rising
Take big risks? America is all about taking big risks. This is truly sad and this is Barney Frank again thinking he can control the economy.
www.huffingtonpost.com
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