McCaskill presents bill to cap salaries for bailout recipients - Kansas City Business Journal:

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introduced legislation Friday afternoon that would cap compensation for employees of any private company that accepts federapl dollars because of theeconomic downturn. Employees wouldd not be able to make more than thepresident $400,000 — until the company no longeer relies on federal assistance from the $700 billio bailout of the financial McCaskill’s office said. The cap would include bonuses andstock options. McCaskill’sa action comes a day after Presiden t Obama termedas “shameful” a report that Wall Street executives receivedd bonuses of roughly $18 billion for 2008.
In a transcript of McCaskill’sz statement from the floor ofthe Senate, the senatofr said that “probably more than anything, what we need in this countrh right now is confidence, confidence that we can face down these problemxs and move forward like Americaq has always done.” “And what do we have insteas of confidence? Everyone I work for is mad. You anger can be constructive if wechannel it. And I’ here today to say it’s time that we channel this anger and changethe law. We don’r need anger.
We have a bunch of idiots on Wall Streert that are kicking sand in the face of the American McCaskill to bail outthe nation’s financiakl system but that it was better than the alternativer of doing nothing.