Private Bank Can Participate in TARP, Kashkari Says

TARP Czar Neel Kashkari -- also known as the Interim Assistant Secretary of the Treasury for Financial Stability in the U.S. Treasury -- says that private banks can participate in the Troubled Asset Relief Program (TARP) and the revised loan to AIG sets restrictions on executive pay, golden parachutes and the bonus pool, according to Mary Thompson, CNBC.

Private banks can participate in the TARP and AIG's revised loan sets strict limitations on executive pay and the bonus pool. Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio