The Concise Encyclopedia of The Great Recession 2007-2012 by Rosenberg Jerry Martin

Author:Rosenberg, Jerry Martin. [Rosenberg, Jerry]
Language: eng
Format: epub
Publisher: Scarecrow Press Inc.
Published: 2012-07-14T16:00:00+00:00

Executive Compensation Give shareholders the right to vote on compensation and “golden parachute” severance packages and require that independent directors sit on compensation committees.

Allow regulators to ban “inappropriate or imprudently risky” compensation practices for banks and other financial institutions.

Federal Regulatory Powers Establish a council of federal regulators to monitor the market.

Impose stricter standards and regulations on firms that are large enough or interconnected enough to put the entire economy at risk. The government would set up a $150 billion fund—financed by assessments on large financial firms—to dissolve any “large and highly complex” financial companies that it deemed too risky.

Merge the Office of the Comptroller, which supervised federally chartered banks, with the Office of Thrift Supervision, which supervised savings and loans.

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