These people are idiots!Amen, Sister! I mean...who would even think using that money to pay obscene bonuses was ok!?
McCaskill then introduced a bill that would limit salaries at any company receiving bailout funds to $400,000:
We should have done it in the first place. But I don't think any of us thought these guys were this stupid. I don't think any of us believed that they would take billions of dollars in bonuses while their institutions were literally days from being wiped out. But they did. And we've learned our lesson.My hunch is, as soon as this is over (and believe me when I say this won't be over until well into 2010, if we're lucky) CEOs and other top management officials will no longer see salaries 300-400 times more than their average work-a-day employee.
Oh...they'll still make bank. But instead of the $5 million salary, boosted by a $20 million annual bonus, these guys will have to make due with the $400,000 salary collected by the most powerful man in the world.
If they can't live on that, that's THEIR problem.
