Obama Caps Exec Pay to $500,000 for Companies Accepting Federal Bailout Money

At about a minute into the story, the reporter states something extremely disturbing!!! Some critics speculate that this salary cap will deter some institutions from seeking federal bailout funds even though they know that the government is the only entity that can provide them with the levels of assistance necessary to stay afloat.
This leads me to believe that GREED is not only spelled with capital letters in this country but with extremely bold font and underlined!!! If companies stop seeking federal aid because the execs feel they should make more than $500,000 during the worst economic time since the Great Depression, then that is the essence of greed, selfishness, irresponsibility, and utter stupidity!!! And they want tax cuts on top of that??? WOW!!!!
The government is the only hope for a large portion of private corporate recovery and execs of these companies know this. When you're "too big too fail" you're also too big to run and hide. Responsibility will find you!!! And it has (in the form of the people). Institutions must now completely abandon any and all shady business practices and operate fairly and honestly, and do whatever is necessary, that includes making financial sacrifices, to once again reach stable levels.
Up to this point, ways of combatting some of the problems have been via layoffs. A significant number of these pink slips could have probably been avoided if the overall salary rates between the highest paid and lowest paid employees were more balanced. But i guess modern corporate American structure now mirrors the societal ambitions of the conservative party when it comes to the issue of destroying the middle class. Companies are paying the lowest salaries they can get away with (aside from not supplying ample benefit packages) to people performing jobs perceived to be anything less than management positions (hence middle and lower class). On the other hand, jobs viewed as top level positions (high class) accompany enormous and, in many cases, ridiculous salaries. This structure promotes the rich getting rich and a nasty game of social darwinism throughout the rest of corporate America.
In regards to the salary cap that President Obama is placing on execs whose companies accept federal financial aid, I'm sure the conservative argument is a rather telegraphed one. It is something to the effect of: "Why should the government control the salaries of private corporations. That goes completely against the fundamentals of capitalism. America is the land of the free. And therefore the sky should be the limit for everything in the private sector. BLAH BLAH BLAH..."
Don't even attempt to sling that crap!!! When the taxpayers are supporting this bailout we are your new board of directors as well as your shareholders!!! And just in case these execs forgot, WE THE PEOPLE are government!!! This has been after all the biggest robbery in the history of the world. Don't think for a minute that the American people will continue to have the wool pulled over their eyes while borderline criminal behavior takes place.