Congress wanted to guarantee that the $700 billion financial bailout would limit the eye-popping pay of Wall Street executives, so lawmakers included a mechanism for reviewing executive compensation and penalizing firms that break the rules.
But at the last minute, the Bush administration insisted on a one-sentence change to the provision.
Bush Pushed Bailout Loophole On Executive Pay
The income gap between the richest 1 percent and the rest of America widened to a...
For the first time, more than half of U.S. public school students live in low-income households,...
