Obama Did The Right Thing To Put a Cap On Salaries of $550,000- It’s Enough


It a new day and a new climate for Wall Street firms. If you are going to accept tax payer money, there will be strings attached. It is corporate welfare.  You take our money, then you have to be responsible how you spend the money. There will  consequences.   If you take bail out money, you will need to be accountable.  The cap is at $550,000 per year, the pundits are saying this is not a lot of money for an executive to  make.  Sounds like a lot to me. What about the rest of us who are making  maybe a tenth of that?

Come on, give me a break.  It’s our money, you don’t like it, then leave.  It is accoutability.  There is no credibility and there is no confidence in Wall Street. Banks are taking junkets, spending year end bonus on some far away location.  Many are saying that the talent may leave because they can’t make the money.  I guess they need to make the free enterprise system work for itself…. Find a new job.

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