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LOS ANGELES, Ca., Jan. 31 (TOTI) –

Wall Street executives paid themselves $18 billion in bonuses last year, despite having one of the worst years in history, complete with their firms receiving billions of dollars of TARP “bailout money.” To almost anyone, it would seem untoward that executives would be earning extra cash, all the while they’re laying off workers, closing offices, and generating losses.

A new proposal by Sen. Claire McCaskill, D-Missouri would limit the amount of compensation bailed out company execs could receive. The Senator would cap pay at $400,000, the same annual salary as President Barack Obama.

“We have a bunch of idiots on Wall Street that are kicking sand in the face of the American taxpayer,” an enraged McCaskill said on the floor of the Senate. “They don’t get it. These people are idiots. You can’t us…

See the full post at Wall Street Bonuses Going Over like A Lead Balloon