Planned rules may apply to banks that weren't bailed out
(NEWSER) - The Obama administration has begun an ambitious project to overhaul compensation practices across the financial sector, including at firms that received no bailout, reports the Wall Street Journal. The government may use the powers of the Fed or the SEC, as well as congressional legislation, to prevent banks from rewarding damaging practices, such as making dangerous loans or offering inaccurate risk ratings. More»
