Making the Bank Bailout Fun

tpmcafe.talkingpointsmemo.com — Federal Reserve Chairman Ben Bernanke has allowed 20 major securities dealers to also take advantage of a special low-rate government loan program. Why shouldn’t the taxpayers get something in return? Suppose we put a cap on the compensation for their most highly paid executives of just $1 million a year. That’s a cap on total compensation of $1 million — health care and pension benefits, bonuses, stock options, private use of jets and vacation homes, bizarre deferred retirement schemes — not just salary.

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