I’m sure it is in the Constitution somewhere.

Has to be.  Probably near the clause that stipulates funding PBS as an enumerated power.

The Obama administration has begun serious talks about how it can change compensation practices across the financial-services industry, including at companies that did not receive federal bailout money, according to people familiar with the matter.

The initiative, which is in its early stages, is part of an ambitious and likely controversial effort to broadly address the way financial companies pay employees and executives, including an attempt to more closely align pay with long-term performance.

Administration and regulatory officials are looking at various options, including using the Federal Reserve’s supervisory powers, the power of the Securities and Exchange Commission and moral suasion. Officials are also looking at what could be done legislatively.

Link is here.

The greatest evil perpetrated by both sides of our political class has been convincing us that this bastardized mixed economy of convoluted legislation and distorted market forces is called ‘capitalism’, and then crowing about the failure of ‘capitalism’ when the whole damn thing begins to break down.  Hey, let’s pile on more of the things that destroyed it in the first place!

Republican and Democrats.  To hell with all of them.

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