Gone are the days of luxury California hotel retreats for executives of bailed-out U.S. insurance giant American International Group .
Once mighty AIG has a new employee expense handbook, a special governance committee, and strict limits on executive pay, according to a letter from Federal Reserve Chairman Ben Bernanke to Senator John Kerry that was obtained by Reuters on Tuesday.
The new expense policy was mandated by the U.S. Treasury Department and "may be materially amended only with the prior written consent of the Treasury," Bernanke said.
If you watch Fast Money, you know Dylan Ratigan thinks this kind of development is a first step in the right direction -- toward healing. He often says the financial crisis can’t even begin to abate until Main Street sees banks and other companies in need of taxpayer money, behave like "they get it".
Although Ratigan is vocal about the need for accountability, his call for action seems fairly mild when compared to some of our viewers.
David T writes, “You are the only financial analyst who is focusing on the only thing that matters to us, the abject fraud in the system. Please don't stop until our country is saved.”
And another viewer who prefers to remain anonymous writes, “the public will not return to the market until some heads are served up on a platter. The sooner the better.”
And that leads to our Fast Money Reader Poll. Do you think the stock market would begin to climb if the government began pressing charges in this financial crisis?
Answer the poll question above, or send us an e-mail to firstname.lastname@example.org and your comment could be published on the Fast Money website.
Prefer to keep your comments private? Send those questions and comments to email@example.com.
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