In late October, the $700 billion Troubled Assets Relief Program passed Congress, which includes rules about executive compensation but nothing about retention bonuses. The Fed and Treasury Department soon began pumping more money into AIG, and the NY Fed began studying the compensation policies on the books -- while also making efforts to save banks and rescue the economy. But by then Geithner's nomination was pending and he had recused himself from dealings with AIG.
No mention of the September all-nighter by Geithner that WaPo is now reporting.
Thanks...interesting...I like the Headline.