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April 2nd, 2009
11:05 AM ET

Government may limit bonuses

Rep. Barney Frank talks about legislation that would limit bonuses.
Rep. Barney Frank talks about legislation that would limit bonuses.

Washington tries again. Another bill designed to avoid an AIG-style bonus backlash.

The House passing the "Pay For Performance Act" to limit pay and bonuses at financial firms getting your money.

Can it work?

Massachusetts Congressman Barney Frank chairs the House Financial Services Committee and he joined us live.

Watch

What do you think? Is Congress doing enough to fix the AIG bonus mess?


Filed under: Economy • Politics
soundoff (4 Responses)
  1. s

    No ONE and I mean NO ONE should be getting a bonus if the company they are working for does not make money. How many times does that have to be said. What part of "THE COMPANY LOST MONEY YOU DON'T GET A BONUS", do these people not understand......The days of the free Breakfast, Lunch and Dinner is OVER, GET IT!!!!!!! All those rich slobs that have to be paid a bonus to stick around....don't let the door hit you in the ( ) on the way out!!!

    On another note, if there are people that are working for the Government getting bonuses, sorry, you don't get a bonus either...we are broke. All future bonuses if there are any, will be going to the National Health-care program..or what ever Congress and the President comes up with.

    May 16, 2009 at 3:51 am |
  2. Cervantes Imperial Beach CA

    Congress will stop the abuse of AIG (scapegoat) About congress
    It's time to suppor the president in the Immigration Policy overhaul,overdue by 8 years.All migrants have important contributions,rarely noticed (thanks Limbaug/Dobbs).?American protocol calls for a parade to President Obama ,Again,a major diplomatic Move!

    April 9, 2009 at 11:23 pm |
  3. Gerald Staples

    Bonus's? With the way things are NO ONE and I mean NO ONE should be getting BONE-US"S Thanks Poppy

    April 3, 2009 at 8:51 am |
  4. Ronald Halterman

    Congress needs to limit its bonus's a lot of them got from AIG and Banks like some of the House rep's got and only God knows how
    the Senitors fared to in money given to them they need to clean there
    own house's out first then thank on how to do what is right.

    R.L.H.

    April 2, 2009 at 10:25 pm |