Bloomberg:

[Goldman Sachs executives Blankfein, Cohn, Winkelried and Viniar] are among the executives whose compensation will be subject to new Treasury-imposed standards, although none of these rules is likely to make a material difference to pay practices at Goldman. While the company won't be able to take tax deductions on salaries exceeding $500,000, bonuses that make up the majority of Goldman executives' pay won't be affected.

Quelle surprise. I imagine that would also apply to the $70 billion slice in salaries and bonuses Hank Paulson's golfing buddies just cut themselves from $250 billion of my bailout money? And maybe -- since the contract terms are blacked out -- to whatever I'm paying them as contractors when they work for the Treasury "injecting capital" into the institutions they destroyed -- also while collecting huge salaries and bonuses?

It's really just theft, isn't it? Open, outright, shameless theft. Right out there in broad daylight.