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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.
Who thinks it’s a darned good idea?
