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http://personalmoneystore.com/moneyblog/2009/01/30/wall-street-pay-cap-faxless-payday-loans-and-money-matters/ Congress aims to limit salaries, bonuses
Claire McCaskill

Claire McCaskill

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Congress is putting its foot down. Yesterday President Obama spoke out against Wall Street executives and their shameful behavior. It seems those executives $18 billion in bonuses in 2008. Yes, as the stock market crashed and homeowners lost their houses, Wall Street execs were still raking in extra cash on top of their already generous salaries.

Sen. Claire McCaskill agrees that this action is shameful. And she is trying to put a stop to it. McCaskill, a Democrat from Missouri, introduced legislation today that will limit salaries and bonuses for all employees who work for firms that receive federal bailout money.

Check out your faxless payday loan stores article on how Obama plans to handle bailout money.
Harsh words for Wall Street

McCaskills bill states that no one who gets bailout money can make more than the U.S. president, who makes $400,000 per year. So if the bill passes, total compensation for executives, including bonuses and stock options, cannot exceed that amount. To read more on this article please visit... http://personalmoneystore.com/moneyblog/2009/01/30/wall-street-pay-cap-faxless-payday-loans-and-money-matters/

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