I am not in support of limiting the pay of any company in the free market. But I could care less whether these wallstreet firms that were bailed out get hammered. In fact, for the good of those firms that made wise decisions and did things right, the TARP firms should get hammered.
But that is water under the bridge. Going forward the rule should be that if ANY company is to big to fail, then it should be broken up into smaller companies using antitrust laws. No company in any industry should be allowed to be so big that the government HAS to bail it out if it starts to fail.
Let me guess...you didn’t watch the clip before posting...
What about some of the firms and small banks forced to take TARP so they could lend it to the banks? What happens when their pay gets limited, and they had no choice?