So here, as if on cue, it being a new day and all, came the Obama administration Monday to announce new arrangements for the way the country does business.

The new big idea: Tell all those banks how much they're going to be allowed to pay executives; let them know the gravy train leaves the track here and now; Washington has their number.

"The [bank pay] proposal," says the New York Times, "is part of a broad set of regulations on executive compensation expected t ...

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