Barney Frank and his fellow House Democrats appear to be determined to keep passing bills regulating compensation in the House until they hit upon one that Obama and the Senate will line up to support.Two weeks after the People's House went after the A.I.G. bonuses with the ninety per cent tax bill that died on the vine without the support of the Senate or the President, the House has given it another try.  On Wednesday House Democrats, and ten House Republicans caught up in the fervor, sent up another bill to restrict compensation at financial firms, with Barney Frank as its main author.  The new bill is more encompassing and more alarming than the first one.  The Library of Congress summary of the bill passed by the house includes these highlights:Prohibits payments under pre-existing or new compensation arrangements that are "unreasonable or excessive" according to standards set by the Treasury Secretary, for all...(Read Full Post)