Tag Archives: bailout authority

Stacy Summary:    Codifying neo-feudalism.  Have you selected for which Lord you will toil?  Or do you have other plans?

• Geithner rejects any limits on new executive bailout authority

Section 1204 is unlimited in dollar amount and is a permanent grant of power to the executive branch. TARP contained some limits on executive compensation and an array of special oversight authorities. Section 1204 contains absolutely no limits on executive compensation and no special oversight.