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Financial fix: Time for better regulation

Last month the U.S. Treasury Department gave vent to public outrage at the financial industry and ordered companies that were bailed out by government funds to reduce the basic salaries of their top 25 employees. The huge salaries and bonuses that are routine in the banking industry and on Wall Street are a ripe target at a time when the nation is still reeling from the near-collapse of the financial markets.

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