Bernanke says bankers' pay needs closer scrutiny


Look out, bank executives. Federal Reserve Chairman Ben Bernanke says regulators need to pay "close attention" to pay packages given to leaders at big financial institutions.

Noting that "poorly designed compensation policies can create perverse incentives that can ultimately jeopardize the health of the banking organization," Bernanke, speaking to a gathering of community bankers in Phoenix, touched on a subject that's causing outrage on Capitol Hill and across the country.