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Were Changes in TARP Bailout Plans Intentional?

By Ed Brayton

pA a href="http://www.palmbeachpost.com/news/content/nation/epaper/2008/12/14/a10a_pay_1215.html?cxtype=rsscxsvc=7cxcat=0"Washington Post article/a provokes a rather disturbing thought. Remember all that talk during debate over the TARP bailout plan for banks about safeguards that prevented executives in companies that we bail out from getting golden parachutes or making outlandish salaries? It's something both parties seemed to agree on and they allegedly took steps to prevent that from happening. /p pBut the Post reports that the White House demanded a change in that provision that seems rather significant in retrospect:/p a href="http://scienceblogs.com/dispatches/2008/12/were_changes_in_tarp_bailout_p.php"Read the rest of this post.../a | a href="http://scienceblogs.com/dispatches/2008/12/were_changes_in_tarp_bailout_p.php#commentsArea"Read the comments on this post.../aimg src="http://feeds.feedburner.com/~r/scienceblogs/dispatches/~4/487676449" height="1" width="1"/

Full post as published by Dispatches from the Culture Wars on December 17, 2008 (boomark / email).