Tuesday, January 19, 2010

FDIC Fart Mist

I thought I smelled something this morning.

"FDIC reviewing bank pay

Company policies that encouraged excessive risk-taking and rewarded executives for delivering short-term profits were blamed for fueling the financial crisis. Big banks, especially, were considered to have engaged in such behavior. “We’re really just asking questions at this point,’’ Bair said. She stressed that the regulators are not seeking to dictate compensation levels for banks.

I expect that's all they will do.