Comment on GOP Opposes Pay Limits On Bailed-Out Bankers

GOP Opposes Pay Limits On Bailed-Out Bankers

GOP Opposes Pay Limits On Bailed-Out Bankers

Wall Street bankers, with their $18 billion in bonuses, private jets and gaudy conferences, are causing headaches for the GOP. President Obama has proposed capping compensation for executives at banks that take taxpayer bailout money at $500,000. Republicans hate the idea, which puts them uncomfortably on the side of people currently about as popular as child-porn producers and subprime mortgage brokers. Senate Minority Leader Jon Kyl (R-Ariz.) blamed the "tone deaf" bankers for creating the political environment that allows Obama's call for a cap.

 

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