ECONOMICS ＆POLICY

摘要

Financial initiatives and rumors of initiatives flew thick and fast in Washington this week. On June 9, Treasury gave 10 big banks a green light to pay back $68 billion in federal TARP funds. The move came as a testament to the banks' apparently improving health-and also got them out from under pay rulesrnCongress had imposed. But the next day, Treasury Secretary Timothy Geithner announced the principles underlying the Obama Administration's drive to reform financial-industry pay practices generally.