Barack Obama getting tough on Wall Street idiots

"We must have our financial institutions survive but not with a culture that thinks it's all right to kick the taxpayer in the shins," Senator Claire McCaskill said proposing a law that would prevent executives from making more than the $400,000 salary of the US president….

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Source: times of india

Madoff's kiss of death for hedge funds

The Madoff situation is, at a time of mass redemptions and dwindling returns, what hedge funds needed least. A spectacular scandal causing huge losses that undermines trust in the industry. The financier's apparent scam, which may have cost investors $50bn....

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Source: the independent