Compensations Caps For PPIP Participants?


[via The Hill]
The words "hell fuck yeah" don't actually exit TARP Congressional Oversight Panel chair Elizabeth Warren's mouth but it sounds like she's thinking it!
Melissa Francis: What restrictions would you want to put on the hedge funds and PIMCO and everyone else that applied to be a manager? Would you want to restrict their compensation structure?
Warren: You know I'm going to go back to a more basic principle if you want to take taxpayer dollars then you cannot pretend it's business as usual. You are now involved in a giant government program in which we are spending taxpayer dollars to try and support a market that is clearly stumbling. Our job is to be outside that program, our job is to be cranky and to ask for accountability for every bit of it. I'm going to leave it in that structure.
Francis: So it's not off the table. You might talk about limiting Bill Gross's pay?
Warren: I think these are entirely appropriate questions.


