On Capitol Hill, Democratic Sen. Claire McCaskill of Missouri has proposed new pay limits for Wall Street executives. McCaskill wants any company taking federal bailout money to limit compensation for all employees to $400,000 a year, the same salary as President Obama. McCaskill made the proposal after it was revealed Wall Street firms had given themselves $18 billion in bonuses last year.

Sen. McCaskill: “We have a bunch of idiots on Wall Street that are kicking sand in the face of the American taxpayer… These financial institutions, on the brink of extinction, come to the American taxpayer for hundreds and billions of dollars. At the very same time, they think they’re going to buy a $50 million corporate jet. They’re going to pay out $18 billion in bonuses. They paid an average of $2.6 million to every executive at the first 116 banks that got taxpayer money under TARP.”