Moody Eye View

WASHINGTON (Reuters) – President Barack Obama said in an interview released on Thursday that the next important step for making the financial sector safer is to make sure executive pay is less closely tied to risky bets. In an interview to be published on Friday in Rolling Stone magazine, Obama said that despite passage of Dodd-Frank financial reform legislation, there is more to be done to make financial markets safe after the damage caused by the crisis of 2007-2009.”The single biggest thing that I would like to see is changing incentives on Wall Street and how people get compensated,” Obama said.

Obama ready to dictate private sector salaries. Obama moving forward with his next clothing line the El Presidente.

Tags: Banana Republic, El Presidente, Obama

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