Dodd's fighting back.
http://www.bloomberg.com/apps/news?p...s&refer=us
http://cryptome.info/0001/hr1-vote-04.htm
The conference agreement follows the Senate amendment
with
several modifications. Among the modifications are (1) a rule
that provides that financial assistance under TARP is not
treated as outstanding for a period in which the United
States only holds warrants to purchase common stock of the
TARP recipient; (2) rules that phase-in the restriction on
bonuses, retention awards, and other incentive compensation
by the amount of financial assistance received by the entity
receiving TARP assistance, and that permit compensation to be
paid in the form of restricted stock; and (3) and a directive
to the Secretary of the Treasury to review compensation paid
to senior executive officers and the next 20 most highly
compensated employees of an entity receiving TARP assistance
before the date of enactment to determine whether such
payments were inconsistent with the provision, the TARP, or
public interest.
http://www.llsdc.org/attachments/fil...Rep-111-16.pdf
""(iii) The prohibition required under clause (i)
shall not be construed to prohibit any bonus
payment required to be paid pursuant to a written
employment contract executed on or before
February 11, 2009, as such valid employment
contracts are determined by the Secretary or the
designee of the Secretary.
Bye bye Geithner
BAAAAAHH!
