Today on the senate floor, Sen. Claire McCaskill (D-Mo) and former co-chair Obama Campaign said what most people are thinking about the latest revelations concerning further abuses of the Troubled Asset Relief Program(TARP). But wait it gets better, she is hitting these crooks where it hurts, their asses wallets. Sen. McCaskill plans to introduce legislation that will cap compensation for employees of any private company that accepts federal dollars from the TARP fund. (Duh)
“We have a bunch of idiots on Wall Street that are kicking sand in the face of the American taxpayer.” And then the Missouri Democrat reloaded.
“They don’t get it,” McCaskill said. “These people are idiots. You can’t use taxpayer money to pay out $18-billion in bonuses… What planet are these people on?”
What planet indeed? In my opinion, her proposal is brillant, Executives salaries would be capped at $400,000 and it would include salary, bonuses and stock options. Clearly, some employees of Companies who have received Troubled Asset Relief Program (TARP) funds have continued to profit why else would they be awarding multimillion-dollar bonuses?
Here’s what the White House had to say about the comments from McCaskill, I say You Go Girl!