Will's Law on US Financial Bail Outs

While I enjoy George Will's writings, I find myself usually not agreeing with him on a range of topics. Here's one that I love. On the Sunday gab-fest This Week with George Stephanopoulos, her proposed Will's Law, when it came to the Feds using our dough to bail out Bear Stearns and the like.

Will's Law is simple:

"no company, such as JPMorgan now, or BearStearns, that is getting substantial subvention from the federal government shall be allowed to pay any of its executives more than the GS-15, that’s $124,000. That would stop the run to Washington."

Makes good sense to me.

Via Crooks and Liars