Detailed text transcripts for TV channel - MSNBC - 20100723:13:35:00
Pay czar, a massive executive payouts made at over a dozen financial firms in the peak of the economic crisis. so let's bring in cnbc's senior economic reporter steve liesman. steve, this is embarrassing for wall street today. but other than shining a light on these practices of these extreme bonuses at a time when a lot of wall street firms were getting government assistance, what's going to happen? what's the fallout? >> i don't think anything's going to happen officially, chuck. i think the issue here is that most of these banks that made the big payments are no longer sort of beholden to t...
Source: news source