"This will include, for the first time, systemically important hedge funds; ..endorse and implement the FSF’s tough new principles on pay and compensation and to support sustainable compensation schemes and the corporate social responsibility of all firms;...take action, once recovery is assured, to improve the quality, quantity, and international consistency of capital in the banking system. In future, regulation must prevent excessive leverage and require buffers of resources to be built up in good times."
http://blogs.abcnews.com/politicalpunch/2009/04/president-obama.html
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They're going after non-taxed overseas accounts too. Damn, their greed for power and money knows no bounds.
Friday, April 3, 2009
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