It's a horrid idea. Government has no business in the details of salary caps ... The strings req'd in TARP shoulda been outlined in the first place, not after the fact, and we can see what a CF this whole thing has been. Additionally the salaries on WS tend to be well below par for the position, but the bonuses are part of the total comp -- these aren't really "performance" bonuses. More akin to paying waiters below min wage knowing the tips will make up for it. Granted, it's disgusting what Wall St did and the shape of things today, but a lot of the problems were Govt over- and under-involvement in the first place. It's all disgusting but the Govt was the one who put TARP into place in the first place ... speak of the disgust, sure, but it's ridiculous to start setting wages.