On Sat, 21 Aug 2010 17:37:41 -0400, "mmc" wrote:


"bpuharic" wrote in message
.. .
On Sat, 21 Aug 2010 09:08:02 -0700 (PDT), Jack
wrote:

http://www.realclearpolitics.com/art...ts_106844.html

Here's a good quote from the article:

"Then there's this head-scratching detail: In an absolutely outrageous
move last Christmas Eve, President Obama signed off on $42 million in
bonuses for the top 12 Fannie and Freddie executives, including $6
million apiece for the two CEOs."

WTF???

if memory serves, i believe this was required by the contract
regarding the bailout. he may have had no choice

WTF? These guys needed a bail out and in order to give it to them the Gov't
had to agree on huge bonuses?

yeah. look at who took over fannie mae when it got the govt bailout.
the CEO was bascially bribed out of retirement.