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Thank you -- hordes of assistance we have speaking of woods and others are a number sixteen -- -- -- -- the White House appointees.
Ten behind -- again as the nation's pay -- master -- article on.
I've -- abilities but he heard about the Treasury Secretary on the slope take captives Libyans.
We are not proposing -- government role in setting policy compensation.
We do not believe it's appropriate for the government to set caps on compensation.
All right so these not for pay -- -- for not setting taken outside we have attorneys are let's ask democratic congressman Maxine Waters.
Sabres having to pay -- -- -- -- and I heard the dredges or an error right that's not what this dude is gonna do -- -- we need to.
Well I think we do need someone watching the store.
You know we have not had the kind of watchful -- from our regulatory agencies.
That could see trouble coming.
Could talk about the end reasonable compensation.
And the bonuses and that.
Golden parachute and so I think that's nothing more then -- transparency.
Into these companies so that the public.
And the stockholders that investors can know what's going on that's enough for me.
All right so if he's just -- if there's no cap if he's not going for caps.
Then I got a capping salaries aren't -- what Nancy tapping what is he doing what's that well I don't have a look at bonuses.
We are gonna look at those bonuses particularly.
So it's -- capital it is yet.
And a cap bonuses is that what he's gonna do.
Well we gotta talk about what's -- what makes good sense and whether or not.
That should be golden parachute that whether or not they're should be the kind about compensation that sharp turn.
Rather than long term stock options that kind of thing that -- want to look at a lot of talk about after all this is the taxpayers' money.
That is being watched these companies have taken the TARP bailout money the taxpayers money then I see -- -- and I see your point and it's a very good when I'm just wondering though with all of these banks -- brokerage houses -- returned that money I guess nobody can go back to paying their executives what -- they want.
What what happens in the Enron to those you don't now -- there's salary -- the gap but you seem to be implying their bonuses could be.
I don't understand the role of this Toews are easy -- saying I'm gonna put a limit on how much.
A CEO can get in bonuses -- -- stock France I'm gonna put a limit on what is executive vice president's team get with the same.
What is it because the Treasury Secretary seems it.
No big deal I don't know I think what is it.
Well well we're looking at the top five executives.
In the companies that have received a lot of TARP money.
Both executives will be -- we will be looking at their bonuses and we will be coming up with a formula similar.
Eleven number in -- -- exclusive do you have an Obama there is why it hasn't.
Look around a million dollars right they -- -- -- there -- anyone learns what that two months would use.
No no no no that's not any numbers have like that have been put on it and I'm I'm not bizarre but what has been talked about.
-- is that do not exceed 13 of compensation.
No golden parachutes no big cash out of a short period of time are -- what.
Congresswoman I mean compensation includes bonuses now a lot of these guys bonuses are -- then there's salary so.
What -- they -- do you get a handle on what is it.
Well obviously we're talking about the difference.
Compensation and bonuses we're gonna define what those differences -- You know -- -- -- is kidnapped man compensation is hey it is bonus it could be it could be because not separating that out.
We don't now -- I don't get -- it dearly but I don't know.
Bizarre doesn't -- -- -- -- -- He's going to this defined what is a bonus and I think we should let does not do that.
What do you have against a watchdog over the taxpayers' money don't you think for example.
The people should be looked out flat after they have given.
A lot of guys I guess I'm trying to find out that people don't even know what the watchdogs going to be watching because he has and get a number Paul.
They want no we.
We hope you'll have to get that information out that's what I am asking you why there's I don't know -- as I talked to treasury -- isn't in number I just wanna number I don't let -- -- -- I don't know what take a look at.
We still -- -- on on the legislation.
As a matter fact we have a hearing tomorrow and the financial services committee.
We will be determining these things you'll be the first to know and the way you want you will be a very frozen out.
About the very first but you'll be right up there better not -- CNN first -- I'm going to be listening.
Congresswoman says -- wants you to know we want you to.
To help disseminate information that parents have a right now and that's what you're all about happened to disseminate information that's.
Look out for the taxpayer I just -- -- know what the heck that information that's but it's -- opponent that's coming up at.
Most wrists and on your your great guests -- good afternoon thank you thank you so there.
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