he is the rainmaker they're bringing in. host: as a result of bailout and other legislation, have congress stipulated parameters for executive pay? guest: yes, a few months ago congress, especially in response to the aig bonuses, went further than the obama administration wanted to. that is the problem that the treasury has had. trying to incorporate what congress wanted for the top 25 earners, the top executives -- there are limits. especially with bonuses. we see banks finding new ways to pay people. host: any indication this will be a temporary position? or full-time thing? or just for the duration of this bailouts? guest: no, from congress i think what you will see is a complete revamp of how we oversee the financial markets. one of the key things we expect secretary geithner to testify about is these principles that firms should get away from compensation systems that encourage risk. they encourage people to write $50 billion worth of credit defaults swaps. it stops them. it stops the incentives to write these. those th