This story was too good to pass up. It makes me feel proud to know that our Missouri Senator Claire McCaskill is giving CEOs on Wall Street the riot act for their shameless use of federal bailout money to receive huge bonuses. Usually bonuses are given to those whose companies are doing well and it a reward for good leadership. I don’t understand the rationale of giving bonuses to CEOs whose companies would be going bankrupt were it not for government intervention.
The US economy is contracting and people are losing their jobs every week. There are drastic efforts being considered to get things going again, and I think a good start would be capping the CEO salaries as this senator suggests. I hope it passes. Something has to be done to show that this kind of selfish behavior won’t be tolerated on the tax payer’s money.