As Wall Street bonus season hits again — after massive taxpayer bailouts and with unemployment at 10 percent — the public and policymakers continue to be outraged over the sums being paid to the financial community, with the Obama administration now considering a tax on those bonuses. Douglas Elliott takes a critical look at compensation on Wall Street and says there are no easy answers; he also discusses the work of the Financial Crisis Inquiry Commission which has its first public hearings this week.
U.S. Economy
The softening labor market is still growing
Commentary
Wall Street Bonus Season
January 12, 2010