Wednesday, January 13, 2010

Committee Hearings on Financial Compensation

This topic can apply to both 2301 and 2302.

The U.S. House Committee on Financial Services is scheduled to hold hearings on the level of financial compensation banks offer their employees. This has become topical since banks, large ones especially, got themselves in trouble due to risky behavior. This has been argued to be a key cause of the recent financial crisis.

For 2301, this illustrates questions about the extent of governmental power. Is this an appropriate use of governmental power? Arguments can be made for or against this.

For 2302, this applies to one of the functions of the legislature, oversight, and its delegation to a standing committee. We will hit both topics within two to three weeks.

- Website: The House Committee on Financial Services.
- Wikipedia: The House Committee on Financial Services.