Dr. Peter Morici: Regulate bank pay
Sep 21st, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Dr. Peter Morici: Wall Street greed and irresponsibility have nearly destroyed the U.S. economy. Big bonuses for bankers encourage reckless risk taking and were a principal cause of the credit crisis and Great Recession. Pay must be regulated to avoid another calamity.