Applying the Same Tired Arguments Only Works if They Haven't Been Disproved

[russianlullaby]

 Steve Forbes was on the Early Show a few days ago, arguing, unsurprisingly, against placing a $500,000 cap on exec pay for companies receiving bailout money, as the Obama administration plans to do. He opined that placing a cap on exec pay would prohibit companies from attracting the talent they need. Let's hope this is true; I think we've had

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[maemime]

Who was it that recently said something like "if the financial industry can't afford to pay its execs a competitive rate, they will leave for other industries - and ruin them too!"? =)