I know it gets deep over at DB, but for f's sake... http://dealbreaker.com/2009/05/bonus-watch-09-you-get-nothing-1.php#comments I don't see how Obama is going to get this through...
The Obamessiah knows that this will make nationalized banks (c'mon, we all know the truth) uncompetitive. So, he's seeking to cap pay not only at TARP banks but at non-TARP banks as well non-bank institutions including hedge funds and boutique investment banking firms. Good-bye, America. It was nice knowing you.
Obama is trying to push all this shit thru this year (did you hear his health care reform news events - "We must get this done this year!") because he knows next year (2010) Congress and the senate will be spending more time running for re-election and less time to do more damage, er...I mean legislate, and in 2011, he may not have the majorities he enjoys now. Expect more of this for the remainder of the year. And to top it off, he's got B Frank in charge of writing the measure - the guy who was largely responsible for this mess and hides this fact. Let's see what type of support the Dems get from (what's left of) Wall Street come election time.