First 100 days: Obama vs. Wall Street

The Wall Street Journal : “President Barack Obama laid out strict new regulations on executive compensation Wednesday, strafing Wall Street with tough talk as Washington asserts increasing control over a financial sector seeking more government funds… The rules do not apply retroactively, not even to those firms that have already been bailed out. But they will be imposed on all companies -- in the financial, auto or other sectors -- receiving any future help. This includes those that have received assistance already.” The reaction from Wall Street firms suggests the plan might have its intended impact. "On Wednesday, for instance, David A. Viniar, the chief financial officer of Goldman Sachs, which received $10 billion from the Treasury Department, told analysts that his firm wanted to repay the government as quickly as feasible to ‘be under less scrutiny and under less pressure,’ according to Bloomberg News ." The Washington Post says Obama “is struggling to contend with a different ... (link)