Saturday, April 11, 2009

HOGRC to Investigate Accusations that White House is Moving to Subvert Executive Pay Restrictions

Rep. Edolphus Towns (D-N.Y.), chairman of the House Oversight and Government Reform Committee, has sent a letter to Treasury Secretary Geithner demanding informanton on any special purpose entities that might be used to avoid executive compensation limits.

As I noted about a week ago, it appears that the Treasury is setting up dummy entities to avoid executive pay limits (scroll down), and now it appears that some of members of Congress are sitting up and beginning to sit up and take notice.

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