Congress wanted to guarantee that the $700 billion financial bailout would limit the eye-popping pay of Wall Street executives, so lawmakers included a mechanism for reviewing executive compensation and penalizing firms that break the rules.
But at the last minute, the Bush administration insisted on a one-sentence change to the provision.
Bush Pushed Bailout Loophole On Executive Pay
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Nearly 400 millionaires and billionaires from 24 countries are calling on global leaders to increase taxes...
