Senator wants pay cap for Wall Street 'idiots' Diane Sweet

Published: Saturday January 31, 2009





Print This Email This 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."



This video is from CNN.com, broadcast Jan. 30, 2009.









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