Friday, January 30, 2009

Will this bill pass? My guess is no!

Under the terms of a bill introduced by Sen. Claire McCaskill, D-Missouri, no employee of any company that accepts federal bailout money would be allowed to make more than the president of the United States ($400K).
"We have a bunch of idiots on Wall Street that are kicking sand in the face of the American taxpayer, 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. I liked the flowery language used, but vested interests will not allow this bill to go anywhere...

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