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Friday, March 27, 2009

Two fixes for Wall Street: regulation and...regulation

With the AIG bonuses "scandal" so recently in the news, it's an insightful analysis that finds that tighter regulation of Wall Street may be the preventive medicine for the next credit crunch, but also the solution for inflated pay.  The findings?  The more regulation of Wall Street (and the fewer ways to "beat the system"), the more moderate the pay.

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