Monday, January 4, 2010

Where is the Media Outrage on Executive Pay?

We have heard all of the posturing by the government on their crack down of overpaid executives but that only applies to the private sector. In a move that has become common place for anything government the treasury has lifted the former $400 billion dollar limit for Fannie and Freddie and made sure it was done before they needed the OK from congress.......not that congress would have said no anyway. If I was a betting man I would say this is a sign that Freddie and Fannie are planning to suck more in 2010 than they did in 2009.
Now we have 2 companies that were instrumental in the housing/economic crash and have already bilked the tax payers for over $100 billion and counting but the pay czar has found that both CEOs are in line for $6 million salaries/bonuses.
I guess high pay for piss poor work is only acceptable for government employees.

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