Bailout Bank Execs Get Payouts

" Yesterday, the Treasury Department released new rules on how much banks that received TARP money can pay their executives. Among the rules is one that prohibits golden parachutes – defined as any payment to a departing exec simply because the exec is leaving. But an examination of public filings shows that a number of executives at banks that received TARP funds have received large payments just for resigning. It’s unclear if the new rules will apply retroactively."