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Friday, September 18, 2009

Regulate pay at bank

Even America finds it necessary to regulate pay at banks. This breaks the rules of the free market. It shows that the free market has failed, and America has now recognized it. You cannot rely on the free market that is unregulated and driven by greed and scams.

The banks and financial sector is probably the worse in this respect. America has decided now that they need to be regulated, even down to the pay of bankers. Read this article in New York Times.

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