Take that, you teat-sucking bastards...

I'm, as usual, cramming in my end-of-year continuing professional education. I'm going over the Tax Law Changes 2008 by Bisk CPEasy. It's the usual technical stuff that is important from a technical perspective, but dull and incomprehensible to most people. And then I came upon this:

5. Where financial institutions sell troubled assets through a TARP managed public auction and the purchases by the institution exceed $300 million, compensation limitations apply.

A. The maximum compensation, including commissions and incentive pay is $500,000.

B. The golden parachute rules are expanded to cover payments to executives of financial institutions participating in these public auctions.

C. There is a prohibition against the financial institution entering into any new employment contract with a senior executive officer providing for a golden parachute payment in the event of an involuntary termination, bankruptcy filing, insolvency or receivership during the period during which the TARP authority is in place.

It's nice to see... It'd be nicer to make a full accounting of their malfeasance and, for those who breached their fiduciary duties to their stakeholders, liquidate their property and throw them in debtor's prison until they come up with the billions...