Why the Government's "Strings Attached" Bailout Is Working

Because they hate it: Of course, the federal government's insistence on executive-compensation restraints is hard on bailed out corporations. Of course, the government has no business imposing such restrictions--except that the government saved their sorry behinds by shoveling money at them. Of course, it's stupid to hamstring these financial and auto behemoths' ability to attract the very executive talent that could restore them to health. Stupid, stupid, stupid--except that these stupid restrictions are driving these corporations to pay the money back, sooner rather than later. The coyotes guess the government knew what it was doing after all. Smart, smart, smart. Wile E.

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