On those “Wall Street idiots”..

Here’s the video to go with gummitch’s open thread..

An angry Senator Claire McCaskill, D-Missouri, introduced legislation on Friday that would cap compensation for employees of any company that receives federal bailout funds.The bill introduced by McCaskill — the Cap Executive Officer Pay Act of 2009 — would limit employees to no more than the president of the United States earns annually, which is $400,000.

“We have a bunch of idiots on Wall Street that are kicking sand in the face of the American taxpayer,” an enraged McCaskill said on the floor of the Senate. “They don’t get it. These people are idiots. You can’t use taxpayer money to pay out $18 billion in bonuses.”

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4 thoughts on “On those “Wall Street idiots”..

  1. I think the problem is that $18 billion dollars no longer sounds like a lot of money, when you are no talking about spending trillions, and they perhaps thought nobody would notice…?

  2. Here’s an idea; if your company received bailout money, the cap for bonuses should be a big fat f’ing zero!! Who in the working class gets bonuses when the economy is crap?

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