...but Rep. Barney Frank is trying to make it a reality.
http://www.washingtonexaminer.com/politics/Beyond-AIG-A-Bill-to-let-Big-Government-Set-Your-Salary-42158597.html
He wants the right to regulate the pay of ALL EMPLOYEES of ANY company who received government funds. This means that Washington, D.C. could set the salaries, benefits, bonuses, and perks for virtually every bank in the country. Plus, presumably, the auto makers and other companies currently begging for bailout money. The bill would be retroactive, so everyone who has ever accepted a penny would be covered.
Who says they can't pass an Ex Post Facto law? The Constitution? Silly rabbit.