Obama says regulatory reform bill may hit banker bonuses

04/29/2010 | Bloomberg

President Barack Obama said Wall Street bonuses could be reduced by legislation pending in the Senate. "It may be a little boring, it may reduce the bonuses for some of the players on Wall Street, but we'll end up having a safer, more secure financial system," Obama said. "Banks and other financial institutions can get back to making money the old-fashioned way by lending it to companies to build business and create jobs."

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