Goldman Sachs Group, bowing to criticism over its record bonuses, announced that bonuses for all top executives this year would be paid in restricted stock rather than cash... »read more
U.S. Treasury Secretary Timothy Geithner said on Thursday the government had to beware declaring victory too soon after managing to avert complete financial collapse by bailing out the nation's banks... »read more
U.S. fixed home loan rates edged above record lows in the past week, tracking bond yields higher following surprise improvement in November employment, home funding company Freddie Mac said on Thursday... »read more
TONIGHT: The Bubble Decade
An Era of Easy Money and All Time Record Highs Take a fascinating look back at one of the most dramatic periods in financial history, a decade fraught with greed, and marked by bubbles inflated and then burst. David Faber reports.
Goldman Sachs announcement that they will pay their top 30 managers their 2009 bonuses in restricted stock is an appropriate response to the concerns about executive pay, but don't kid yourself: it is unlikely to quell the criticism of Goldman or the banking industry.
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