Many corporate execs have pay caps slapped on them that cut their pay up to 90%. The justification was they hishandled the companies money and got them in trouble. To make sure it doesn't happen again their pay system has been capped and modified.
Did the pay czar do the same for Fannie, Freddie, and GE? I saw a banner that the CEO of Fannie Mae will have a salary of $5.5 million.
If they weren't why were they exempted?