Angry Senator: Let's Cap Wall Street Idiots' Salaries

Senator Claire McCaskill is angry at the Wall Street "idiots" who are giving out $18 billion in bonuses in 2008. So angry that she has just introduced a bill to cap their pay:

An angry U.S. senator introduced legislation Friday to cap compensation for employees of any company that accepts federal bailout money.

Under the terms of a bill introduced by Sen. Claire McCaskill, D-Missouri, no employee would be allowed to make more than the president of the United States. Obama's current annual salary is $400,000.

"We have a bunch of idiots on Wall Street that are kicking sand in the face of the American taxpayer," an enraged McCaskill said on the floor of the Senate. "They don't get it. These people are idiots. You can't use taxpayer money to pay out $18 billion in bonuses."

McCaskill's proposed compensation limit would cover salaries, bonuses and stock options.

Link

Who thinks it's a darned good idea?


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I vote that we use the money to fund this scam and use it to fill the FDIC coffers. Let the banks die off as they should and the individual saver still has their money. We get a stronger banking system and the individual keeps their money. But this model makes too much sense and would not allow the government to take over yet another piece of this once free country. Naturally, the path they will take will be the one to reward their rich friends and leave the tax payers and many generations to come holding the bag.
What will it take to get this revolution going, people?
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I did some quick (really quick) math and it appears if all politicians at all levels take a 10% pay cut, the country would save one billion dollars +
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We all knew when said CEO's wouldn't fess up on what they were going to do with the money that it would be for nefarious reasons....
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Conservatism: The government should not give a dime to the private sector and should stay out of their business. If their companies fail, so be it. Was the plan to "help" as many people as possible to gain control over them? Are there fascist-socialists? More importantly, are there any in the US Senate?
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Well done lass. These people get paid for what they do at levels most of us working folk would, at the very least, have to win big in the lottery to see.
I personally feel if it takes $100,00+ to get these people "motivated" they should all be digging ditches and slaughtering chickens somewhere for the public good.
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