uuuuuuuuuuu >>> welcome back. congress has rangled on how to contain economic compensation. the fed may be stepping in as the pay police. the "wall street journal" says they will unveil a new plan in weeks. it will reject and modify any that encourage detrimental risk taking. the friday regulars and contributors weigh in on how the fed's injection into the issue changes the debate. greg is chief policy stratd gist, and tony is the former white house press secretary. gentlemen, great to see you. greg, good idea for the fed to be doing this? >> i think so, by default. i don't like the idea that the fed is getting more and more powerful, but these banks are tone deaf. they're raising compensation right now as unemployment goes even higher. they're returning to some of the practices that got us in this problem in the first place. so i think somebody's got to be a bad cop here, and it looks like it's the fed. >> what do you think, tony? >> i don't like the fed at all going into the board room and going into the compensation practices. i think that is just fundamentally counter to