2009-01-12 — bloomberg.com
Barack Obama will direct his Treasury Department to restrict executive compensation and dividends for financial institutions that get “exceptional assistance†from the financial bailout fund, Larry Summers, a top economic adviser to the president-elect, told Congress.
Some good, common-sense stuff in here -- let's hope these demands have teeth. Of course, it would be better if this were not in the context of requesting another $350B of graft; but at this point if ANY of the money is to go to community banks or foreclosure aid, the next "tranche" is needed.
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