Quote of the day

Barney Frank on his quest to fashion legislation that would restrict the pay of Wall St.’s financial institution’s execs:

Mocking the idea that firms would move overseas if their compensation were too heavily regulated, Frank, aware that the UK is also moving to restrict pay, said, "By the time they're through, they're going to have to go to Mars to escape the determination to restrict."

This speaks less to Wall St. desire to “escape” Congressional mandates and more to Frank’s complete demogoguing of the issue and his near-maniacally obsessive pursuit to dictate what private enterprises can pay their people.

We’re in the best of hands.