"Outrageous."

Outrageous, Shameful, he forgot Treasonous, and it is all three. Perhaps 110% tax on any bonuses paid to executives in any institution that receives TARP money is in order. As coffin put it, with all the debate on a minimum wage there is more than enough need to discuss a maximum wage.

That's President Barack Obama's one-word reaction to a report that Wall Street employees got more than $18 billion in bonuses last year.[...]

Said Obama: "That is the height of irresponsibility. It is shameful."

The president said he and new Treasury Secretary Timothy Geithner will have direct conversations with corporate leaders to make the point. Obama said there is a time for corporate leaders to make profits and get paid bonuses but now is "not that time."