Good Move To Require Pay Cuts At Wall Street Firms That Received Federal Support

It is an excellent move that the Obama Administration is promoting against Wall Street business firms that received federal assistance during last year’s financial crisis–that its top executives take major pay cuts due to the fact that they have not repaid taxpayers for their bailout.

The idea that these top executives should receive outrageous salaries and bonuses at the public expense is an insult to all Americans.

It is long overdue that these companies understand that this nation will not allow abuses and practices that show no concern for the nation’s future, but rather just selfishness and greed. This should be a popular move with the American public, and is totally justified!

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