Rewarding Failure, The Obama Way

[dellinger63]

Repubs need to launch an investigation yesterday!

http://www.msnbc.msn.com/id/42371364...s-us_business/

[jms62]

Originally Posted by dellinger63

Repubs need to launch an investigation yesterday!

http://www.msnbc.msn.com/id/42371364...s-us_business/

In your blind hate for Obama (and I think it is race related quite frankly) you didn't notice that these execs were brought in AFTER the damage was done to clean up the mess. The mess that was started by your beloved GWB with his make everyone a home owner edict.

Full disclosure. Life long republican who voted democrat the last 2 elections due to the horrific job done by GWB. I will NOT be voting for Obama this round becuase I think he hasn't done a good job in addressing the issues, war, jobs... But to blame him for this is a joke and shows you read nothing more than the headlines.. Which is Nascar like.


"Agency officials say the salaries and deferred compensation awarded to executives at Fannie and Freddie are necessary if they are to attract and keep talent required to run those operations effectively.

They say that current pay at Fannie and Freddie is roughly 40 percent less than it was before the bailout and maintain that the compensation plans are based on the companies’ ability to meet financial and performance targets, like providing liquidity and affordability to the mortgage market"

Well they were riding the housing boom until the crash. A 40% drop in pay doesn't make it any better when they were overpaid eleventy billion percent to begin with.

[timmgirvan]

Originally Posted by Coach Pants

Well they were riding the housing boom until the crash. A 40% drop in pay doesn't make it any better when they were overpaid eleventy billion percent to begin with.

[SCUDSBROTHER]

Originally Posted by Coach Pants

Well they were riding the housing boom until the crash. A 40% drop in pay doesn't make it any better when they were overpaid eleventy billion percent to begin with.

That's so Soulja Boy.


http://www.youtube.com/watch?v=H5s_9ABmBmc (That's the best he can do.)

[SCUDSBROTHER]

Originally Posted by dellinger63

Repubs need to launch an investigation yesterday!

http://www.msnbc.msn.com/id/42371364...s-us_business/

Wow, you care about CEO salaries? You get a tumor?

[dellinger63]

Originally Posted by SCUDSBROTHER

Wow, you care about CEO salaries? You get a tumor?

not unless they're subsidized by the taxpayer...... you know free-market???

[wiphan]

Originally Posted by dellinger63

not unless they're subsidized by the taxpayer...... you know free-market???

there is no free market any more thanks to the guys who created the problem. See Dodd-Frank Bill. This bill does not get nearly the attention it should and will ultimately be bad for all consumers

[nebrady]

Just goes to show you that nothings changed. Its an absolute joke giving money to these executives for what running their companies into the ground and then giving them taxpayers money! You really want to know how bad it is watch the movie inside job. After watching it you'll realize these idiots don't care about the common person and caused the recession and even made the government pay them money back after causing it! They should take all these big bank executives and shoot em. Goldman sachs is the worst but the rest are just as bad. They have lost sense of reality. Its amazing to me that obama said he changed it. Oh yeah he changed it he hired a former goldman sachs person as secretary of treasure. Wow what change. It just sickening and these people need to be punished for what they did. Or guess what it will happen again!

[jms62]

Great hire there Obama.... I'm missing the Change part. Is the change part that government no longer even consider looking on the up and up.

http://www.realclearpolitics.com/art...ll_109452.html

[timmgirvan]

Originally Posted by wiphan

there is no free market any more thanks to the guys who created the problem. See Dodd-Frank Bill. This bill does not get nearly the attention it should and will ultimately be bad for all consumers

could possibly crush the housing market!