There's an article in today's NYT about how the bailout's shifting towards direct capital injections into banks. So far so good, and it is interesting how the focus of the bailout has changed over the last week or so. It's a nice, lucid overview piece. And then it has this...
"Industry executives .... also begged Mr. Paulson not to impose tough restrictions on executive pay and golden-parachute deals for executives who are fired." Well they would, wouldn't they?
About Me
- SleepingMan
- Sydney, NSW, Australia
- I've lived in Australia, US, UK and Singapore and I've been to North Korea, Ukraine, Colombia. I live in a very sparsely-furnished flat in Sydney. I have a real job (and a graduate degree from an Ivy League university) and in my spare time I play piano, think too much and play tennis. I'm actively trying to make my life more bizarre.
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