Protect the Taxpayers Act

Forget this one little drop in the bucket. The 150million to AIG traders in bonuses is tiny. The real problem is much much bigger than that.

We need a new ClawBack law. We will call it, Protect the Taxpayer Act of 09. It will say that All employees of All companies that required Federal funds to avoid bankruptcy will return all remuneration, bonuses, stock options etc, received from the Taxpayer funded company in excess of 400,000 dollars per year, retroactively for the past Three years. Any company exec who fails to return the money... will get 5 years in prison.