former executives such as merrill lynch john fame or countrywide's angela lizilo were collecting into the millions while running their companies into the ground. to the extent these ceos and others were incentivized to produce short-term profits they were equally as innocent lives to flood the market with predatory loan products such as supply and mortgages, weaken the prospects for financial gains and increased the systemic risk. as a result of this increased systemic risk the american taxpayer has been asked to bail out financial institutions through liquidity tools such as capital purchase program the term asset backed securities loan facility or talf. that isn't a gift but a loan from the public and requires certain protections. one of these protections is a pay star who will place transparency into the system so the public shareholders are properly informed. bonus compensation poses a risk it merits limits. i thank the witnesses for helping frame the discussion on which bonus compensation limits may be appropriately and in systemic risk. that said no t.a.r.p. recipient should hav