WASHINGTON (AP) -- The Obama administration's pay czar said Friday that he did not try to recoup $1.6 billion in lavish compensation to top executives at bailed-out banks because he wanted to protect the banks from possible lawsuits. Kenneth Feinberg said 17 banks receiving taxpayer money from the $700 billion financial bailout made "ill-advised" payments to their executives. But he stopped short of calling them "contrary to the public interest," language that would have signaled a fight to get it back. Feinberg said such a fight could expose banks to lawsuits from shareholders trying to recapture the executives' money. Feinberg said his public shaming of the 17 banks was punishment enough. more at: http://finance.yahoo.com/news/Pay-c...5.html?x=0&sec=topStories&pos=4&asset=&ccode= I don't begrudge someone their right to make a pile of money. I do however have a problem when they fail spectacularly, and then take my money to bail out their incompetent asses and pay themselves from the proceeds.