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washingtonindependent.com - 1/12/2009

CEO Pay Unchecked in Bailout Bill

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Rep. Brad Sherman predicts changes to the TARP legislation won't prevent bank executives from giving themselves lavish perks and multi-million dollar salaries.

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Falling Short: Regular Americans vs. the Cash Cow Greedy Gravy Train
Firedoglake — ... At a time when bailout monies have already been spent on enhancing CEO pay packages at bailed-out banks, isn't it high time members of Congress stopped lining the pockets of the greedy and, instead, started looking at some real infrastructure and investment in the rest of us? Or are they going to join in the WSJ chorus of ...

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LiberalOasis : The Blog — ... and is in line with congressional intent,' he said. 'It's going to take those who have responsibility for actually spending the funds to put in writing their intentions.'" Huffington Post reports that Obama will visit the Senate Democratic Caucus today to make his case. Holes In the TARP? OurFuture.org's David Sirota argues that while Frank's bill is an improvement, it "still has some gaping loopholes. For example, the Washington Independent reports that while Frank's executive compensation language restricts ...