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.
Monday, January 4, 2010
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