Rescue Plan Efforts Criticized

December 2008
American Banker;12/3/2008, Vol. 173 Issue 232, p20
Trade Publication
The article reports that the U.S. Government Accountability Office announced that the U.S. Treasury Department has not adequately addressed numerous important issues related to its economic bailout plan of $700 billion. One of the biggest problems with the bailout that has not been addressed is how the Treasury plans to regulate executive compensation at banks that benefit from the bailout. Additionally, no clear plan has been detailed on how to avoid conflicts of interest.


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