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In a reversal, the Bush administration has not used auctions for any of the $335 billion committed so far from the rescue package. Lawmakers and legal experts say the change has effectively repealed the only enforcement mechanism in the law dealing with lavish pay for top executives.

link: (http://www.chron.com/disp/story.mpl/busine...)
submitted by: Zer0H4x   Dec 15, 2008
category: News keywords: pay, salary, banks, bailout, bush
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