Page 57 - Barry Mann News Today

Independent compensation committees to determine executive pay, more oversight of investment contracts known as derivative that trade between firms but not on official exchanges. the industry remains opposed to a plan by paul volcker to limit the kinds of investments security firms can make. >> we dont think the volcker rule really makes any sense. >> reporter: that means the battle is not over. wall street will be lobbying intensely in the coming weeks to ensure reform is not too burdensome. fo...

Of investments security firms can make. >> the biggest concerns are we dont think the volcker rule preemly makes any sense. >> reporter: that means the battle is not over. wall street will be lobbying intensely in the coming weeks to ensure reform is not too burdensome. and for people like barry mann, even new regulation wont make wall street appealing. he says he bailed out of the stock market three years ago and is never putting a dime back in. >> things are not good. thats it. im glad i got o...

>> reporter: according to bridge petroleum, the company leasing the oil rig off of the louisiana coast, they have moved in a flo till la of vessels to help the cleanup efforts. more than 30 vessels. some of those have the capacity to clean up the crude oil mix, which is the machine being seen out there on the gulf of mexico. under the water, officials are still trying to determine the extent of environmental damage. they are concerned about exactly how much oil may be coming from the w...

just moments ago, president obama commented on the bill, blaming the federal government. >> our failure to act responsibly at the federal level will only open the door to irresponsibility by others and that includes, for example, the recent efforts in arizona which threaten to undermine basic notions of fairness that we cherish as americans as well as the trust between police and their communities that are so crucial to keeping us safe. in fact, ive instructed members of my administrat...