Executive Pay Caps: Goldman in the Driver's Seat -- Again

After the Treasury announcement at 11:00 of caps on executive salaries the stock market dropped from positive to negative and Goldman stock price shot up 6 percent will Bank of America stock price dropped like a rock.  Goldman is in the catbird's seat; it has already collected $10 or 25 billion that it did not need (at a very low cost of a 5 percent dividend on preferred) and will be free of the salary caps (not asking for more) and able to hire all the best talent in the many companies that will still need money.  Those companies that still need funds, like Bank of American and Citigroup, will bleed talent to Goldman (and Morgan, also in good shape) and only those not good enough to leave (to go to Goldman or to a hedge fund or to another financial institution that is not claiming money-- "boutique banks") will be left to deal with a struggling company, which, of course, rises on falls on the talent of its managers.  The market sees the salary cap ruling as the potential final straw on the nationalization of the Bank of America and perhaps Citigroup.  Well, maybe Bank of America can get the benefit of its old talent working now for Goldman by paying a fat consulting fee, $1 million a year perhaps, to Goldman.