Today's Outrage: Get Obama Off Wall Street

Stock quotes in this article: AIG , C , BAC , GM , F , MSFT , AAPL  

President Obama should get the heck off Wall Street already.

The government has no business assuming more power to set compensation guidelines for the financial sector.

We're talking about negotiated agreements between private parties. We're talking about free enterprise. We're talking about the American Way!

It's one thing for the White House to attach strings to taxpayer bailout dollars and impose restrictions on companies that received bailout funds. AIG (AIG Quote), Citigroup (C Quote), Bank of America (BAC Quote), General Motors(GMGMQ Quote), etc - they all have to live with Uncle Sam's rules as the penalty for screwing up so badly that they needed Uncle Sam's money.

But it's quite another thing for Obama to interfere with businesses that have managed to remain viable without asking for a penny from the government.

Once this type of meddling is allowed, it can easily spread like a viral infection. It starts with telling banks how much they are allowed to pay their executives, and before you know it every company in the nation is forced to accept government limits.

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