On Saturday the Washington Post reported that the administration was doling out federal bailout money via “special purpose vehicles” to help banks skirt restrictions on the funds imposed by Congress — including, naturally, limitations on executive pay. In a move a former Justice Department attorney equated to “money laundering,” the story further specified that the White House had concluded that the conditions ought not to apply in “at least three out of five initiatives funded by the rescue package.”
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=144111