WSJ-WASHINGTON -- The Obama administration plans to appoint a "Special Master for Compensation" to ensure that companies receiving federal bailout funds are abiding by executive-pay guidelines, according to people familiar with the matter.
The administration is expected to name Kenneth Feinberg, who oversaw the federal government's compensation fund for victims of the Sept. 11, 2001, terrorist attacks, to act as a pay czar for the Treasury Department, these people said.
In 1931, under the Hoover Admin, no less, Senator Huey Long cast his first Senate vote for a bill which limited executive pay to $15,000 in companies which received federal loans. Look it up.
Needless to say, the depression was totally unaffected by this.
MASTURBATION is not action.