[World] - Obama caps executive pay tied to bailout money

Written by madnilk

I've been reading about this on yahoo about Obama caps executive pay tied to bailout money, quest what Wall Street have done. They have given a paid up more than $18 billion in bonuses in 2008 even amid the economic downturn and the massive taxpayer-dollar infusion into their industry especially to their executives. What an eye sore for me just by reading that news.

What are they thinking, while everyone worldwide having loosing jobs they just make a rampage of what the U.S.A standby mode of economic backup of USD $700 billion financial industry bailout program. That amount of money is not something people can ingnore - Shame on them.