aig, general motors, chrysler, gmac and chrysler financial. meanwhile banks and other private lenders are about to lose their $70 billion a year student loans businesses. that s because buried inside health care reform law is a massive overhaul of assistance programs. under the measure banks will no longer get fees from the government acting as a middleman for low income students. they will increase pell grants to students in need and make it easier for graduates to pay back their student loans. georgia police are no longer seeking a dna sample from ben roethlisberger. the steelers star quarterback is accused of sexually assaulting a 20-year-old sledge student at a nightclub earlier this month. roethlisberger s attorney said officials with drew the request weeks ago. neither officials nor the attorney would say why. in july a woman filed a lawsuit saying roethlisberger raped her at a hotel. he s not been charged in either
taxes in the new law. in washington, molly henneberg, fox news. bret: the administration s pay czar is back on the hunt for high salaries at bailed out firms. fox business network correspondent peter barnes has the bottom line. good evening, peter. hey, bret. ken feinberg taking the knife again to the pay of 119 executives at the five firms that got big taxpayer bailouts. tens of billions of dollars each. a.i.g., general motors, chrysler, gmac and chrysler financial. feinberg says he cut the executives cash salaries by a third for this year. most of them to less than $500,000 each. he said he cut their overall compensation, including stock bonuses by 15%. but 69 executives could still take home paychecks of more than a million dollars for this year. feinberg said that s okay, as long as they do a good job and earn it, unlike some executives during the financial crisis who
six months but it could drag on for years because the pakistani legal system is notorious for long delays. a judge would preside over the trial and not a jury. political pressures sometimes come to bear on the pakistani justice system, especially in high-profile cases. jane: steve, thanks. jon: there are new developments with a company you and i all own a chunk of. we are talking about that government bailed out general motors. sources say the company is not going to push to regain control of its former finance arm gmac. so what does that mean for our investment? jane: we are invested in gmac, general motors, chrysler. this is why gmac is so important. it provides loans to these
the evil stuff wall street was paying for and they re paying a price for it. neil: ben, in retrospect it s easy to lose sight it was a volatile and period. we disagree on the need for what was done now. but it will give people caution in the future, is it not? how do we know there are not other shenanigan going on there, gmac accountable details not worked out there, that maybe we just don t do this anymore? what do you say? on the one hand, neil, sometimes i think al-qaeda should just sit back and let us kill ourselves by overendebting ourselves. on the other hand, we probably should have saved lehman brothers. we would have had recession but nowhere near as bad if we saved lehman brothers. neil: that was the one we didn t save. that was the think we should have thrown them in the llehman brothers should have been saved and gmac,
it looks like some of the original shareholders could get money back from this thing at the end of the day. again, didn t street it up evenly. if you worry about the auto financing, deal with that, bail that out. didn t happen that way. that s what we ll get stuck with. neil: i don t want to replay this, by week s end we learned about lehman brothers, a lot their executives knew they weren t sharing. that is a firm we didn t bail out but there were others we did that we re finding out stuff. the better part of valor have been to cool it? or were we throwing fire running out of control? not just throwing water, but gmac had a chance for water on it three times. anytime there was a hint of a problem there, they got money. dagen s point, a free pass at that and never had to explain how they d pay it back. the idea was auto loans but be honest. they sunk themselves because of bad prime mortgages.