In contrast with some of my fellow conservative bloggers, notably Owen (and observe the extent of the comments). I’m a conservative, I understand their opposition, yet I find myself agreeing with Roger Simon at Politico.com.
President Barack Obama is on the right track with his plan to cap at $500,000 per year the salaries of Wall Street big shots who get federal bailout money. But he is off by $499,999.99.
There is no reason for taxpayers to continue to reward unlimited ignorance and unbridled greed. These Wall Street firms were run into the ground by financiers who were too stupid to understand the true risks of what they were doing and too greedy to stop doing it.
And now they deserve a half-million dollars a year? Some of them deserve six to 12 in Allenwood.
The bottom line for me is, they’re taking the money, the government can set the terms now.