A senior U.S. official warned that the city save money by issuing executive pay is a criminal offense

According to the British "Daily Mail" reported that the U.S. House of Representatives Finance Committee Chairman Barney - Frank on October 31 that will save the city money in addition to loans for any purpose other than, for example, the Wall Street money manager or pension Will be a criminal offense.

It is reported that previously, as of the end of 2007, the U.S. government to accept financial aid funds 9 of the first banks owed a total of senior management and the extension of pension money to pay more than 40,000,000,000 U.S. dollars. Goldman, Sachs & Co. will be relevant to their manager to pay millions of pounds of prize money has been reported in China triggered angry taxpayers. Earlier this week reports said the operation is in a predicament of Goldman, Sachs & Co. prepared 7,000,000,000 pounds for the payment of wages and year-end bonus in 2008, 443 partner companies will be more than 300 million pounds per capita over the Christmas bonuses, prize money distribution The United States more than the total amount of funds injected by the Government 6,100,000,000 pounds.

Frank said: "Some financial institutions relief bill is being distorted, I will be very disappointed. Loans for purposes other than the use of the funds, whether in cash, severance pay or dividends or acquisitions, contrary to the bill agreed . "Frank said Treasury Secretary Paulson to participate in the project's financial institutions to help clear that the government would insist that they abide by the agreement of the Bills.

As passed by Congress 700,000,000,000 U.S. dollars to save the city a part of the bill, the U.S. Treasury Department are 250,000,000,000 into the bank capital. Ministry of Finance is active all over the country to the local community banks and the distribution of 125,000,000,000 U.S. dollars. As part of the project, the bank received capital injection of gold, it must provide the Government with preference shares. The project also includes bank executives pay to prohibit increase in the dividend and stock to buy another. Members are trying to give the project more additional conditions, including the prohibition of any dividend and any restriction on the types of loans. These conditions may be the guiding principles of the way, but if the banks do not agree with these conditions, then the bank regulators can restrict the activities of the bank's approach to the enforcement of these principles.

An official from the Bush administration this week said the four, Bank of activities over the implementation of restrictive measures will be to restore liquidity in the market have a negative effect. Paulson on October 20 on the plan said the project aims to attract private capital and encourage lending. He said: "Our goal is to increase our confidence in the banks so that they can borrow their capital. We expect them to do so because of the increase in confidence will lead to an increase in lending activities. The Government would like to participate in this project to help banks While those in difficult circumstances but have the ability to avoid the houses owners to recover. "