Pay Executive Street | Angry senator wants pay cap on Wall Street ‘idiots’

January 30, 2009 by frankls
Filed under: Hot Topics

Angry senator wants pay cap on Wall Street ‘idiots’
One day after President Obama ripped Wall Street executives for their "shameful" decision to hand out $18 billion in bonuses in 2008, Congress may finally have had enough.

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.

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http://news.yahoo.com/s/ap/20081024/ap_on_bi_ge/meltdown_wall_street_pay;_ylt=AqdAa2.LoIvoNc_jdB5wv3hu24cA

In return for joe the plumber's tax dollars being given to corporate America, the bonus system has been saved, but sadly joe lost his job due to a layoff.

Do you think joe feels proud knowing he saved the executives bonuses?

Obama Slams Wall Street For Rich Executive Bonuses – Salon.com
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