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Wall Street pay cuts aren't enough

"Slashing executive salaries, bonuses and perks at the seven bailed-out companies that gorged most gluttonously at the public trough is emotionally satisfying, but it shouldn't be," wrote columnist Eugene Robinson. "It's like arresting jaywalkers while ignoring the bank robbery that's happening in broad daylight down the block." Though he supports the pay caps, Robinson argued that the Obama administration isn't doing enough to "curb the irresponsible Wall Street practices that led to the financial meltdown — and, if unaddressed, will lead inexorably to the next crisis."

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