The less noticed story

It has been little noticed, but the federal government is looking to control executives’ pay not only at the firms which accepted the government TARP bailouts, but even at banks which did not: Federal Reserve Unveils Plan To Police Bank Pay By Frank James, National Public Radio Halloween is apparently coming early for the financial-services sector. At least, that’s the way a lot of bank executives are likely to view federal moves to restrain some of their industry’s pay packages