Today in the economy

[Kirkland Laing]

They arent really rewarding failure right now,unlike Bush who wanted it no ties attached for the same bailout,Obama put a rider in that limits executive pay for banks asking for bailout money.
In other words,short of the execs being fire by the banks in question,their pay is being governed and if the banks wont themselves wont punish their own piss poor governance,Obama has put it in,that the government will,or no damned money.

Salary is only a tiny fraction of total earnings for bank executives. It's just a cosmetic announcement, won't have any real effect on executive earnings. Unfortunately as far as the financial crisis goes the Obama administration looks like a Bush administration third term.

Not even close son
I mean here's the ballpark,and here there is you,youre not in it
Apparently between you and Lyle,there's liberal,conservative,and Ive got to sit here being the realist

Hank Paulson was Bush's last Treasury Secretary. His highest ever official salary was around a million dollars a year but that's just walking around money when you live in Manhattan, send your kids to school there etc. When he retired he had over $700 million in th bank.

We can watch and see how much the execs of banks who are taking government welfare continue to earn over the next few years. I should get a nice piece of quote art or two out of it.