This a dangerous idea. TARP was a new jerk reaction and this is a knee jerk reaction as a response to the first one. Blame needs to be placed on those that voted to give these firms our money without stipulations. Wall Street may be filled with greed, but it is also the engine to the US (and world for that matter) economy. Yes these people are greedy, but they have also been very good at growing the US economy over the last century. If salaries were capped at $400k, they would all have no incentive to stay in the industry. Why do you think the US is so powerful? Why is the US dollar the global standard? Why is the US the global stock and bond marketplace role model? What we have as a system may not be perfect but its the best system out there. But, before the politicians go and decide to give out buckets of my money to private businesses they should have thought long and hard about it.

First one got it right, shoe shine box.