I'm with you, however I would go further and, as a condition for getting the bailout, I would demand the resignation of every executive who was responsible for the poor decisions leading to the need for a bailout in the first place.
.....and I would insist on the gallows for the worst of them.
But I don’t think that would ever make it through an Obama administration, call it a hunch;-)
“I would demand the resignation of every executive who was responsible for the poor decisions leading to the need for a bailout in the first place.”
Why would anyone take a the job of replacing the ousted management knowing their compensation was capped at $400k?