Patrick Martin recently wrote a very good article and it brings forth some questions that beg to be answered.

The Obama administration announced Wednesday that it opposed any government-imposed limits on the salary and bonuses of the CEOs and other top officials of major banks that have received trillions of dollars in federal handouts and guarantees over the past eight months.

Coming only nine days after the White House forced bankruptcy on General Motors and major cuts in auto workers’ pay and benefits, the green light for CEOs to continue to award themselves eight-digit compensation packages is further evidence of the grotesque double standard of American capitalism. Workers, retirees, young people and small businessmen will all see their living standards and future prospects devastated, but nothing can be allowed to interfere with the pursuit of personal wealth by the financial aristocracy.

Neither Geithner nor any other Obama administration official has explained why it is wrong and “counterproductive” to limit the multi-million-dollar salary and bonus packages awarded to bank executives, but absolutely necessary to slash the wages, pensions and health benefits of workers at General Motors, Chrysler and their supplier plants.

Everything that the Treasury does is geared to helping Wall Street……while workers are crapped on daily by this administration.