Obama Ally Introduces Bill to Cap Salaries of CEOS from TARP-Receiving Companies

 

By Jake Tapper,ABC News

Some of the worst offenders were Obama supporters like Franklin Raines of Fannie Mae

At the Senate today,Sen. Claire McCaskill,D-Mo.,introduced legislation to cap the salaries of executives from companies that received federal bailout funds. The limit applies to salary,bonuses and stock options,[...]

Obama’s Open Records Pledge Failure

 

By Mark Pittman and Alison Fitzgerald,Bloomberg

Obama's Treas. Sec. Geithner speaks at swearing in

U.S. government guarantees on securities totaling $419 billion for bank bailouts provide an early test of President Barack Obama’s pledge to be open with taxpayers about what they have at risk in the credit crisis.