In
The Rich Are Staging a Coup This Morning
Michael Moore claims that
[we are being lied to about executive salary caps, that the bailout bill says] NOTHING about what these executives and fat cats will make in SALARY. According to Rep. Brad Sherman of California, these top managers will continue to receive million-dollar-a-month paychecks under this new bill.
He also claims that
there is no direct ownership given to the American people for the money being handed over.
If that's the case, I urge that the bill not be passed. As I've said before, my solution is to let the Federal Government serve as
investor of last resort.
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