Fight Over Executive Pay Caps Isn’t Over

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February 12, 2009 8:10 am
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TPMDC was the first to report on the Democrats’ plans to remove Senate-passed limits on executive pay from the final stimulus bill.

Today the WaPo followed by reporting the same thing … but as we mentioned yesterday, Sens. Olympia Snowe (R-ME) and Ron Wyden (D-OR) aren’t done fighting for their proposal to claw back $3.2 billion in bonuses paid out by banks after they got government rescue money last year.

“We are still having difficulty getting a straight answer as to whether or not it is still in the bill,” Wyden’s spokeswoman told me via e-mail. “Everyone we ask says that someone else is trying to kill it.”

It ain’t over till legislative language is formally filed — but if you think they’ll take up executive pay limits later this year, I have some worthless Fannie Mae stock to sell you.

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