"Senator Dodd put together a provision, and it's a provision that I think is strong and tough, and we need strong and tough," Schumer said in response. "And Wall Street has to learn, if you're going to take money, billions of dollars, you're going to have to limit executive comp. I disagree with the administration in this sense. I have no problem if companies want to get out of this program and get out of the program quickly, that's their business and that's their right. And I think that's just fine. But if you're taking federal money, you're going to have to have some limits...on executive compensation."
"I look forward to the debate between Chuck Schumer and President Obama on this issue," King joked. "I will say, I agree there should have been some caps. I think this went too far, and I think it can be counterproductive."