Executive Compensation II: CEO Pay and the Mortgage Crisis, March 7,2008
"Today the Committee[House Committee on Oversigh and government Reform]is holding its second hearing on executive compensation. Our subject is the compensation of executives who preside over billion-dollar losses.

There seem to be two different economic realities operating in our country today.
And the rules of compensation in one world are completely different from those in the other. Most Americans live in a world where economic security is precarious and there are real economic consequences for failure. But our nation's top executives seem to live by a different set of rules..."