There was plenty of chatter last week, particularly among unhappy Republicans, about an awkward 15-minute exchange between Rep. Spencer Bachus and House Financial Services Committee Chairman Barney Frank over what was said in a private conversation.

During the markup on a bill to give shareholders a nonbinding vote on executive compensation, the Alabama Republican sharply criticized Frank for not holding a hearing on the issue after the bill was introduced (the panel had held a hearing before the introduction of legislative language). He noted that he and other lawmakers had sent a letter to Frank urging him to delay the vote until a hearing had been held.

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