Top economic advisers to President Obama opposed the pay restrictions, according to Congressional officials, warning lawmakers behind closed doors that they would cause a brain drain in the financial industry.A brain drain? What brains?!
Sunday, February 15, 2009
What brains?
Here's what struck me as an odd passage from article in the NY Times that discusses the Obama administration's response to a Congressional proposal that would block executives of banks receiving federal assistance from receiving bonuses:
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