March 18, 2009

Where's the outrage?

I don't pay much attention to the financial news, mainly because I'm usually broke and lately, it's all bad news all the time, but I saw this and it pisses me off a lot more than the AIG shenanigans:

Fannie Mae is planning to pay retention bonuses of as much as $611,000 each to several top executives of the government-controlled mortgage finance titan. Sibling company Freddie Mac is planning similar awards.
So, the geniuses who got us into the mortgage mess by giving people who had no business owning homes toxic loans (I know, RAAAAAACIST!!!) are getting hundreds of thousands in bonus money?  I can't wait to hear the shrieks of outrage from the usual suspects.

Posted by: Sean M. at 08:04 PM | Comments (1) | Add Comment
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