Bailout Money = Volunteer

Yesterday President Obama caped executive salaries at $500,000 for any bank that will receive additional government bailout money. I would have liked to have seen one additional provision...

For every million dollars a firm received in bailout money they must donate 100 hours of community service. This would be a firm wide initiative and it would reap benefits across the country.

Thru February 3rd over $290 billion dollars of TARP money has been invested in banks around the country.

So under my proposal:

Citigroup $45 billion = 4,500,000 hours of community service = 22 hours per employee

Bank of America $45 billion = 4,500,000 hours of community service = 30 hours per employee

A.I.G. $40 billion = 4,000,000 hours of community service = 40 hours per employee

And so on...