Monday, December 21, 2009

Banker Pay

Recently, both President Obama and Treasury Secretary Geithner have bemoaned the banker pay issue.

Here is a Wall Street Journal story of December 14 containing President Obama's comments on the issue, which contains his "fat cat" quote:

Here is a Bloomberg article of December 5 that mentions Treasury Secretary Geithner's comments:

What I find notable about President Obama's and Treasury Secretary Geithner's utterances on the subject is that of all the people that could potentially change the situation regarding banker pay, these two are probably most foremost. For them to simply bemoan the situation, when they are the most empowered to act upon rectifying it, seems odd.

SPX at 1112.10 as this post is written

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