I can't really agree. What if that rule is applied to ALL entities that take public money - not just those in the spotlight now because of "bailout" money? That would include universities, federally underwritten insurance companies, every state government, any company that wins a government contract, banks that use the FDIC, any business that recieves a federal grant, . . . Where would this end? How many industries do NOT use federal money to some degree?
Other than the Soviet Union, what was the last major country to have maximum wages? Is that distinction ours now?
When any entity takes money from the Feds, strings are attached. Ask the public schools. Ask the various highway state highway departments. Even universities have strings. This is how the Feds enforce their noxious policies like affirmative action. How stupid are the banks and other companies to think that they would be exempt from the Feds’ overweening attentions?