Mindblown: a blog about philosophy.

There’s mounting talk on Capitol Hill that a Wall Street bailout will include some limits on executive compensation, as well as contradictory reports about whether a deal on controlling executive pay has already been reached. Four days ago, such a move seemed very unlikely. But the pushback from Congress — from both Democrats and Republicans…

Here’s the situation: Thanks to its own inability to control itself, Wall Street is now facing a crisis unmatched since the Great Depression. Unfortunately, a collapse of the financial sector would not only hurt rich investors, it would devastate the global economy. So, government action is imperative. Treasury Secretary Henry Paulson and Federal Reserve Chair…

As the Federal Reserve and Treasury Department careen from one financial meltdown to another, desperately trying to hold together the financial system — and with it, the U.S. and global economy — there are few voices denying that Wall Street has suffered from “excesses” over the past several years. The current crisis is the culmination…