Obama Decries Big Bonuses to Bank Trading Desks as Risky
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President Barack Obama criticized the bonus-driven culture of financial trading desks at Wall Street banks as a risk to the stability of the financial system.
Obama said in an interview to be aired tomorrow on American Public Media’s Marketplace radio program that an “unfinished piece of business” is to address banks that “take big risks because the profit incentive and the bonus incentive is there for them.”