Fair Pay For All – well, er..

Yesterday, we saw what President Barack Obama is trying to do about fair pay at all levels. Repeated here without comment are two headline items today.

In the UK, there is a Stampede by banks to beat bonus crackdown as Lloyds and Barclays will both pay out millions.

Banks dependent on taxpayer support are planning to rush out hundreds of millions of pounds in bonuses to senior bankers and traders before a threatened crackdown.

As ministers prepared to curb excessive remuneration, it emerged that Barclays and Lloyds Banking Group were poised to follow Royal Bank of Scotland (RBS) by paying bonuses within weeks.

Lloyds, which has taken £17 billion in rescue money from the Government, appears ready to give hundreds of millions of pounds to top executives and more junior staff.

Meanwhile in the US, the Goldman CFO notes that the Company Wants To Pay Back TARP, but it May Take Time.

Goldman Sachs, along with fellow surviving investment bank Morgan Stanley (MS) , received $10 billion from the government last year.

Goldman Sachs would like to get out from under the restrictions of the capital structure, which include some minor executive compensation restrictions.

I guess it is business as usual.

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