Guess where part of that $700,000,000,000 goes

As the U.S. Congress argues over how to get the financial system back on its feet, they have had to debate limits on executive pay. The New York Times reports that the chief executive of Washington Mutual, who was on the job just 17 days, is eligible for $19.1 million in compensation.

For short-time CEO Alan H. Fishman -- named to run the failing bank less than three weeks ago -- that would work out to $1.12 million per day (assuming he worked weekends). If he worked eight-hour days, it works out to $140,000 per hour.