According to a report in the International Herald Tribune, Treasury Secretary (as of Tuesday) Geithner won over an internal battle within the White House over the terms of the bank bailout. According to the report, Geithner successfully stopped demands to institute comprehensive compensation limits for all employees at companies receiving bailout funds, to dictate to banks how bailout money should be used, to replace bank executives, and to wipe out shareholders of failed banks receiving taxpayer aid.
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