Wall Street must reject “bailout” money

News is coming out that Wall Street might reject any of the money from that $700 billion bailout. Why you ask? It seems that “One of the least attractive elements is a section designed to curb executive pay at banks that participate in the bail-out package. These include limiting stock-related pay and banning ‘golden parachutes’ for executives.”

Daily Kos summed it up perfectly: “Well that’s completely understandable. Wall Street CEOs are willing to “tough it out,” watch the market fall to record lows, and put their companies at risk of utter collapse — because accepting the bailout would mean limiting theirpersonal pay.”

Yeah, screw everyone else. I’m not getting this ship turned around until the limits are taken off of my compensation package! That makes no sense whatsoever. 

Look, I’m totally AGAINST this “bailout” package, but rejecting bailout money because your personal salary and/or golden parachute are going to be limited is grounds for firing.