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Fed Rolls Out Plan to Limit Bank Pay

It works in tandem with pay czar's new compensation rules

By Nick McMaster,  Newser Staff

Posted Oct 22, 2009 3:15 PM CDT

(Newser) – The Federal Reserve today officially announced a plan to regulate pay structures at banks, the same day the pay czar rolled out his plan to cap salaries at bailed-out firms. The administration’s double-whammy on compensation marks an unprecedented level of government involvement in the...   Read full story »

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