Detailed text transcripts for TV channel - FOXNEWS - 20111115:16:35:00
Regulator defended the packages. >> taxpayers providing financial support to the enterprises and guaranties on $5 trillion of mortgages would not be better off if we provoke a rapid turnover the senior management by further slashing compensation. indeed, such pay cuts would increase the risk of higher losses in the future. >> reporter: he says these executives are cleaning up a mess they inherited and those losses are from investments made well before they got there and before the housing crisis. advocates of reforming executive pay usually push for bonuses to come as stock options tied to lon...