I like reading The Wall Street Journal because it often offers a bit of a chuckle. Like today:

Wall Street reacted cautiously to talks by the Obama administration to overhaul pay practices at financial companies, worried about the specter of micromanagement but reluctant to fight back while the effort is at an early stage. [emphasis added]

  Eh, "micromanagement"? No, they are worried about not being able to loot their companies–and the public. Let’s get the truth straight here. Bravo to the Administration on pushing an overhaul. But, the article also says:

Regulations passed in connection with the economic-stimulus plan and Troubled Asset Relief Program already are forcing cuts in Wall Street pay. It isn’t clear how much further the Obama administration or Congress wants to go beyond that.

   Let’s be clear–we need a whole lot tougher regulations than the previous ones, as I pointed out when the regulations first came out. Those regs had huge loopholes, in my humble opinion. But, again, the Administration is correct to try to push this through.