Slash Executives' Salaries--TOO LITTLE, TOO LATE

After giving billions in taxpayer's money away to 'struggling' banks, it unrealistic to think we're going to get all of that money back, so says Inspector General Neil Barofsky--the man who watches over the TARP program. The Treasury Department has spent more than $454 billion through TARP programs--47 recipients have paid back nearly $73 billion. That means more than $317 Billion remains outstanding--with the program set to expire December 31, 2009.

Now, the Obama administration plans to CUT the pay of executives at the 7 companies that have received the most bailout money. Too little too late. This should have been done when the money was distributed to the banks...where was the oversight then, not now! While Americans are angry-as we struggle, financial firms have begun recovery, and are passing out their bonuses.. Where was Timothy Geithner then, not now! How can we change pay culture when so much was given, and so little asked!