The Federal Reserve and the Treasury are preparing broad new rules that would force the financial industry to rein in excessive compensation schemes and commission practices that disproportionate made gazzillionaires at the expense of investors and taxpayers out of many financial executives – many just out of college – during the global financial meltdown.
In the face of what appears as Wall Street returning to status quo business as usual, a brief discussion of two recent developments in public attitudes about the precipitators of the current global financial crisis indicating that voters want more aggressive government action in regulating the Titans of Wall Street.
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