WASHINGTON (CNN) -- One day after President Obama ripped Wall Street executives for their "shameful" decision to hand out $18 billion in bonuses in 2008, Congress may finally have had enough. "You can't use taxpayer money to pay out $18 billion in bonuses," an angry Sen. Claire McCaskill says. An angry U.S. senator introduced legislation Friday to cap compensation for employees of any company that accepts federal bailout money. Under the terms of a bill introduced by Sen. Claire McCaskill, D-Missouri, no employee would be allowed to make more than the president of the United States. Obama's current annual salary is $400,000.
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Sen. Claire McCaskill wants salary cap on employees of firms getting bailout money
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Senator's move comes day after president slammed executive bonuses
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"They don't get it. These people are idiots," senator says of execs
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Bill would cap execs' pay at $400,000, the amount Obama earns
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On Thursday, @placeholder said the prospect that some of the $700 billion Wall Street bailout could end up paying for bonuses to managers of struggling financial institutions was "shameful."
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"The American people understand we've got a big hole that we've got to dig ourselves out of, but they don't like the idea that people are digging a bigger hole even as they're being asked to fill it up," @placeholder added.