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Earlier today the European Parliament's Economic and Monetary Affairs Committee announced that it approved revisions to a draft directive proposed by the European Commission that would impose new restrictions on banker compensation and increase bank capital requirements for trading portfolios and re-securitizations
Yesterday, the Financial Crisis Inquiry Commission (FCIC), a congressionally appointed commission tasked with researching the financial collapse, held the first day of a three-day hearing entitled, "Subprime Lending and Securitization and Government-Sponsored Enterprises (GSEs
