<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/3f26a5ae-d9ba-4e8a-9b4c-58d1b318d666/71058050-E728-4AFA-AB7E-CFBAF70D6BC9/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://blog.heritage.org/2009/10/23/morning-bell-the-unaccountable-obama-czar-state/" href="http://blog.heritage.org/2009/10/23/morning-bell-the-unaccountable-obama-czar-state/" style="font-size: 11px;">blog.heritage.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.heritage.org/2009/10/23/morning-bell-the-unaccountable-obama-czar-state/"><H3 class="postTitle"> <A title="Permanent Link: Morning Bell: The Unaccountable Obama Czar State" rel="bookmark" href="http://blog.heritage.org/2009/10/23/morning-bell-the-unaccountable-obama-czar-state/">Morning Bell: The Unaccountable Obama Czar State</A></H3></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.heritage.org/2009/10/23/morning-bell-the-unaccountable-obama-czar-state/"><UL class="postMeta"> <li style="margin-left:16px;padding-left: 0px;"><IMG height="20" width="20" src="http://foundry.heritage.org/wp-content/themes/heritage_v1/images/category_199.gif" /> Posted October 23rd, 2009 at 8.53am in <A rel="category tag" title="View all posts in Ongoing Priorities" href="http://blog.heritage.org/category/ongoing-priorities/">Ongoing Priorities</A>. </LI> </UL></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.heritage.org/2009/10/23/morning-bell-the-unaccountable-obama-czar-state/"><P>Yesterday the United States Department of the Treasury Special Master of Compensation Kenneth Feinberg <A href="http://www.nytimes.com/2009/10/22/business/22pay.html?_r=1&hp">announced</A> a wage control scheme for the 175 executives of the seven companies that have received the most funds from the taxpayer funded Troubled Asset Relief Program (TARP). At first the Obama administration denied any involvement in Feinberg’s decision. <A href="http://www.politico.com/news/stories/1009/28596.html">Politico</A> reports:</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.heritage.org/2009/10/23/morning-bell-the-unaccountable-obama-czar-state/"><P>In fact, sources within the administration say the decision to cap corporate pay was Kenneth Feinberg’s, and his alone. A senior administration official tells POLITICO that Obama did not sign off on the pay master’s decision. Feinberg didn’t even brief the White House on it, the official said, but he briefed Treasury officials instead.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.heritage.org/2009/10/23/morning-bell-the-unaccountable-obama-czar-state/"><P>But after yesterday’s announcement that the Federal Reserve released its own plan to control how banks compensate their employees, the <A href="http://www.nytimes.com/2009/10/23/business/23pay.html?adxnnl=1&ref=todayspaper&adxnnlx=1256294025-B2aUVurIWotziiqXmuyiAg">New York Times reported</A>:<SPAN id="more-17834"></SPAN></P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/71058050-E728-4AFA-AB7E-CFBAF70D6BC9/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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