Unless you're the President, I guess.

http://www.washingtonpost.com/wp-dyn/content/article/2009/04/03/AR2009040303910.html?wprss=rss_politics says:

The Obama administration is engineering its new bailout initiatives in a way that it believes will allow firms benefiting from the programs to avoid restrictions imposed by Congress, including limits on lavish executive pay, according to government officials.

...

The administration believes it can sidestep the rules because, in many cases, it has decided not to provide federal aid directly to financial companies, the sources said. Instead, the government has set up special entities that act as middlemen, channeling the bailout funds to the firms and, via this two-step process, stripping away the requirement that the restrictions be imposed, according to officials.

Uh, yeah. I thought the Executive branch was to see to it the rules were followed, not to try to work around them for "special cases."

Here's hoping the Judiciary steps up and slaps this down.