McCaskill Calls Merrill Lynch Execs "Idiots" Claire McCaskill plans to put an end to excessive executive spending. The Democratic Missouri Senator introduced a bill which would cap the salary of any private company accepting federal money. Under the rules, no employee would be able to make more than the President of the United States. McCaskill says, "they don't get it. These people are idiots. You can't use tax payer money to pay out $18 billion in bonuses. Merrill Lynch is unbelievable. They saved $3 to $4 billion dollars from the pot of money that was going to Bank of America. The sale is going to close the first week in January. They always gave bonuses in January. You know what these sneaky guys did? They decided to give their bonuses in December."