Fed Hits Banks With Sweeping Pay Limits

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Published in The Wall Street Journal October 23, 2009by Aaron Lucchetti, David Enrich and Joann S. Lublin
In a one-two punch at the pay culture of banks and Wall Street firms blamed for the financial crisis, the U.S. government announced plans to aggressively regulate compensation at thousands of lenders and impose steep pay cuts at seven companies that received billions in federal aid.

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