BUSINESS
05/04/2009 05:12 am ET Updated May 25, 2011

Obama Admin Aiming To Help Firms Sidestep Bailout Rules

The Obama administration is engineering new bailout initiatives in a way that it believes will allow firms benefiting from the programs to avoid restrictions imposed by Congress, including limits on lavish executive pay, according to government officials.

Administration officials have concluded that this approach is vital for persuading firms to participate in programs funded by the $700 billion financial rescue package.

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