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"If the government robs Peter to pay Paul, he can count on the continued support of Paul.

Sunday, October 25, 2009

Yid with Lid: Why Did The Pay Czar Ignoring TARP Recipient General Electric?

"Unlike other major lenders participating in the debt guarantee program, including Bank of America, Citigroup and J.P. Morgan Chase, GE has never been subject to the Fed's stress tests or its rules for limiting risk. Also unlike firms that have received bailout money in the Troubled Assets Relief Program, or TARP, GE is not subject to restrictions such as limits on executive compensation."

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