9.28.2008

Letter from Feinstein

She's going along with the bailout, but I did appreciate this line:
I am told that the reason the Treasury Secretary does not want limits on executive compensation is because he believes that an executive then will not bring his company in to partake in any program that is set up. Here is my response to that: We can put that executive on his boat, take that boat out in the ocean, and set it on fire.

If you want to read the whole text of Feinstein's letter, Mish has it.

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