The Washington Post chronicles yet another example of oversight of the bailout bill. Congress required that executives receive limited bonuses — but only for those companies that receive federal money through the Toxic Asset Relief Program. Since the Treasury has shifted gears on how to use the money, the pay restrictions “are now all but gone,” says Sen. Chuck Grassley (R-IA). (Washington Post)
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=172518