Most of the factors that went into causing the Great Recession continue unabated. Complex financial instruments continue to be packaged and gambled on. Dozens of smaller banks have failed while the biggest continue to gain power. Financial reform legislation is watered down with Con-supported measures even though not one Con will vote for the final package.
One bright spot among this morass is some top executives’ pay is being reduced (not just limited) by President Obama’s pay czar, Kenneth Feinberg. One of the results that the Corporate-Cons were fear-mongering about hasn’t occurred, which shouldn’t surprise anyone: those executives haven’t left their corporations in droves. 84% continue to work for the same firm at which their pay has been reduced.
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