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Strategies & Market Trends : ahhaha's ahs

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To: Elsewhere who wrote (13188)	2/4/2009 12:23:43 AM
From: ahhaha	Read Replies (3) of 24758

Obama administration to issue executive pay limits Tuesday February 3, 11:42 pm ET By Jim Kuhnhenn, Associated Press Writer Obama admin. to issue executive pay limits for government-assisted financial institutions WASHINGTON (AP) -- The Obama administration plans to limit pay to $500,000 a year for executives of government-assisted financial institutions in a new get-tough approach to bankers and Wall Street, a senior administration official said Tuesday. Obama plans to announce the new limits Wednesday at the White House with Treasury Secretary Timothy Geithner. "If the taxpayers are helping you, then you've got certain responsibilities to not be living high on the hog," President Barack Obama said in an interview with "NBC Nightly News". An administration official familiar with the new restrictions said they would apply only to struggling large firms that receive "exceptional assistance" in the future. They would not apply to healthy banks that receive government infusions of capital. ah ha ha. Told ya. Widening the gap between the weak and the strong. Don't you think the execs at reduced salary would quit and join the "healthy banks"?

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