By Vincent Reinhart Thursday, October 29, 2009

Filed under: Economic Policy, Boardroom

“The Federal Reserve would police banks' pay policies to ensure they don't encourage employees to take reckless gambles like those that contributed to the financial crisis.” — The Associated Press, Oct. 23, 2009

The Federal Reserve announced that it will help resolve the thorny problems of compensation practices at the nation's financial institutions. The 28 largest institutions will have their pay policies and practices reviewed to determine their...