Just in case Harry Reid gets his way and the AIG bonus bill comes up pretty quickly in the Senate, here is something to note. The House-version of the bill would lead to the loss of one million American jobs. That is according to a senior economist at JP Morgan.Michael Feroli, an economist at JP Morgan, concluded that the restrictions of compensation for companies receiving TARP money would put them "at a severe competitive disadvantage for talent relative to foreign banks which have not received such funds."
Gee, ya think?
Seed Newsvine
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