Barney Frank: NO MORE BONUSES

Taking 90% of all bonuses isn’t enough for Barney Frank. He’s now trying to push a measure that will halt all bonuses for all employees at firms that have received government funds until they pay back the money.

The measure would prohibit “any compensation arrangements that are unreasonable or excessive for these companies,” which is scarily vague… and would allow the government to pay bankers whatever it deems fit.

Of course, it will be difficult for these firms to repay the government loans when the employees all quit.

How about giving the entire Congress a 90% cut. After all, they are the ones who got us into this mess along with Alan Greenspan, who ought to be tarred and featherd. There is basically only one honest man in all of the House of Representatives, Ron Paul. I would let him keep his salary, but he’s probably the only one who would agree to a pay cut.