"Obama administration believes it can sidestep the rules because it has in many cases decided not to provide federal aid directly to the financial institutions, instead setting up special entities that act as middlemen to channel the funds"
And this is change from Bush in what way?
"Geithner dismisses pay rules accusation
WASHINGTON - Treasury Secretary Timothy Geithner denied yesterday that the Obama administration was crafting bailout initiatives to allow companies to evade limits on executive pay and other restrictions imposed by Congress.
"No, that's not true," Geithner said when asked about a report in Saturday's
The Post said the Obama administration believes it can sidestep the rules because it has in many cases decided not to provide federal aid directly to the financial institutions, instead setting up special entities that act as middlemen to channel the funds....
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