Short Takes on the Current News from the Financial Times.
The Financial Times may well be the best reporting of national and international business, finance and economic events. Here are a few important items.
CEO pay was up 36% last year to $9.7 million. These are banks in the
U. S. and that exist today because of taxpayer bailouts. Hey, no need to thank us, we were happy to do it. U.K.
Greek banks may need about $29 billion from
Europe to keep solvent if Greek bonds were no longer being accepted as collateral at the European Central Bank. The $29 billion is not the news, the news is that Greek sovereign debt is accepted by the ECB as collateral. Are Groucho, Harpo and running the ECB? Chico