Yes, I'm Reading The Damn Thing

Call me a glutton for punishment, but I'm actually going through the 451 page Leviathan of a bailout bill line by line. I'll post things as I come across them if they are interesting. I'm up to page 32 right now.

I thought this was interesting:

18 SEC. 111. EXECUTIVE COMPENSATION AND CORPORATE
19 GOVERNANCE.
20 (a) APPLICABILITY.—Any financial institution that
21 sells troubled assets to the Secretary under this Act shall
22 be subject to the executive compensation requirements of
23 subsections (b) and (c) and the provisions under the Inter
24 nal Revenue Code of 1986, as provided under the amend
25 ment by section 302, as applicable.

So, far all the screaming about executive compensation, as if that was somehow the cause of the problem, Congress is only proposing limiting the firms that suckle from the public teat.

That's fine, but it could hardly be less important.

So when will they rock my world?