Perhaps, but does anyone out there really trust Bernanke? For that matter, Geithner would be included as well since he was in charge of the NY Fed last year during the bailout. Even the best of intentions and ideas are viewed with suspicion after this bonus fiasco which is still playing out. Even looking back, it's hard to believe that the Fed was not aware of what was going on during the credit bubble before it burst. There's a significant trust issue here and it's yet to be resolved.
The Federal Reserve for the first time would police banks' pay policies to ensure they don't encourage employees to take reckless gambles like those that contributed to the financial crisis, according to a proposal unveiled Thursday.
Unlike a Treasury plan to slash pay at certain companies that were bailed out with large sums of taxpayer money, the Fed proposal would cover thousands of banks, including many that never received a bailout.
