The Federal Government is considering ways that it can effectively supervise compensation practices across the financial services industry, including those firms that did not receive any federal bailout money. The Obama Administration, Treasury Department, Federal Reserve, FDIC, SEC, and Congress are presenting various proposals and legislation to dictate both executive and employee pay across the spectrum of private industry.
Dr. Rand Paul opposes federal regulation of the free market, as well as taxpayer bailouts of failed firms in private industry. He considers such intervention to be unconstitutional and detrimental to America’s economic prosperity. As Rand travels across the state of Kentucky, he will be discussing ways in which the federal government can focus on cutting wasteful spending, balancing its own budget, paying down debt, and restoring the value of the Dollar, instead of micromanaging private companies.
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