EDITOR:
On June 5, the day after he appointed a Great Lakes Czar, we hear President Obama is appointing a special master for pay compensation, ie, a Pay Czar. Attorney Kenneth Feinberg (who ably handled the federal oversight of compensation paid to families of 9/11 victims), will decide how much any company that received TARP funds can pay its executives.
This probably means politicians can call him to make "special requests" for their buddies.
The rules regarding compensation were not in place when banks accepted TARP funds, and since then the rules have changed several times.
Yet the banks are not allowed to pay back the funds and opt out of government control. Will this soon apply to every company?
This is your new government in action. Fascism runs rampant.
Judy Jacobs
Topaz Lake
