Discussion

I think that this is a wonderful idea...in theory. As with many of his "ideas", they are only good in theory. The problem that this will obviously create is that these executives are almost guaranteed to be recruited by other well-to-do corporations who will offer them no such cap to speak of. I think that there will be a mass exodus from these bailout companies. This could be beneficial, because we can clear out some of the people who helped create this problem, but it could also be harmful because these extremely powerful and influential companies could be ran by individuals who are not nearly as smart or experienced as the former executives.

It was fine to cap the slaries but can this really be enforced? I doubt it. There are ways around this. Wall Street knows more than the President does so I doubt his tough talk bothers them much.

Im an Irish person who likes to follow american markets,I find Mr Obamas decision frankly LAUGHABLE.There should always be an a consequence to incompetence, In the real world this can only mean an end to bail-outs and the removal of these executives from their posts, however in the fantasy land of wall st and politics the fairytale continues, the nightmare their decisions create make life more difficult in the real world

The creative minds will find loopholes out if it.

I would say Obama administration will need to forcefully kick out the banks with huge toxic asset. Stop saving them and let them fail. Start all over. You save the taxpayers money and start fresh.

This is closing the barn door after the horses escaped. These companies should not have received bailouts. They should all be allowed to fail. The CEOs mismanaged the businesses; they should be fired without severance packages. We need to start holding people accountable for their actions and allow them to experience the natural consequences of their choices.

We already know that the illusion of money does not solve problems. High-quality monetary policies do, period; but since Obama is just as much apart of the illusion, then it is up to the individual to establish their own monetary policies, period.

I think that the Obama administration's cap on executive compensation for those institutions that have received bailout money is fantastic. Really, it appears like who ever is behind this kind of legislation is really trying to make a difference. Of course, their is the possibility that is it a metaphorical smoke and mirrors technique to support the image of change.

I don't think that it is going to have any real impact on the level of cooruption involved here. I mean, sure executives of institutions that have received bailout money will not be able to make more than (I think it was) $400,000 per year, but they are just pawns in this big game of chess anyways. We are talking about the confiscation of the wealth of the masses here and they think that a compensation cap is going to make a difference?

I think the salary cap thing is just a ploy for president Obama to say, "see, I'm making some changes." The whole thing is smoke and mirrors. He has already made exceptions for lobbyists so he can "obtain the best and brightest." I am sure there will be some exceptions for the salary cap also.

The government cant stimulate the economy by making programs and spending money. We the people half to be the ones spending. But when there is no money for us to spend it cant grow. So why dont they just give us all $50,000? I mean if we are going to pay the taxes back (phantom tax inflation) we might as well get the money and spend it into the economy right?

I dont think they should do either but if they are we should get the money. They wont stimulate the economy this way. The dollar is going to fall like a stone just like Peter Schiff, Robert Kiyosaki, Ron Paul, Myself and many others said and people thought it was crazy. Its funny, the same people who called this all wrong said it would never happen, the news goes back to them for the solution on how to fix this. THEY DONT KNOW! They were wrong the first time and their solution is to O.D. the economy on currency. This isn't the last, there will be more bailouts bigger and bigger. What heppens when other countries a dropping our dollar and it actually gets back into our market? Your going to have that same gallon of gas, banana, bread, toys, oil, silver, gold, real estate and EVERYTHING YOU CAN BUY being chased by ALOT more dollars which means inflation big time with how much they are doing. GET ALL THE LOANS YOU CAN!

They should be fired. A pay cut is a bit late and does not address the root of the problem. Fire the execs and if someone cant get the ship back on course, let it go out of business.