Bailout bank execs get payouts

SOURCE: ProPublica.org

ProPublica Images/Krista Kjellman
ProPublica Images/Krista Kjellman

Yesterday, the Treasury Department released new rules on how much banks that received TARP money can pay their executives. Among the rules is one that prohibits golden parachutes – defined as any payment to a departing exec simply because the exec is leaving. But an examination of public filings shows that a number of executives at banks that received TARP funds have received large payments just for resigning. It’s unclear if the new rules will apply retroactively. CLICK FOR PROPUBLICA'S FULL LISTING OF EACH HIGH ROLLER THEFT FROM THE AMERICAN PEOPLE

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No, penalties can't be retroactive, only benefits.

That's why, for example, a large number of the detainees can't be tried by the military commissions that were set up AFTER they committed their suspected crimes.
When someone acts, he's supposed to be able to ascertain whether the act is illegal. If the law is unclear, then the individual gets the benefit of the doubt. After the fact corrections don't count.