My Perspective

I have a Great one, which I’m sure you all with agree with: Lets get people into Governemt who are not as greedy, corrupt, obviously stupid and totally clueless about their job duties. It continues to shock me at the things our Government keeps doing day after day – with little regard to any logic whatsoever and no matter what the public thinks and says. Like, take this example below …

This news piece about Fannie Mae & Freddie Mac I saw a few minutes ago, is what made me wriote this blog post: “Pay at the mortgage-finance companies, which were seized by the U.S. in September 2008, added to debate over salaries for executives at companies dependent on government bailouts. Compensation must be sufficiently high to “attract and retain” top talent, their regulator, the Federal Housing Finance Agency, said in a statement. BULL, I can do that job and for far less salary too!

In addition to the CEO pay, 10 additional executives at the two companies are eligible collectively for $30.1 million in compensation for this year. Overall, pay for top executives of the mortgage-finance companies is down 40 percent from before they were seized, the regulator said.” <- and all that means is the thugs who were there before were seriously greedy (and corrupt as you may recall)!

PS: Its the next morning: last night on abc world news with Diana Sawyer, she said the chief execs at Fannie & Freddie will be earning 15 time more money than President Obama and 30 times more money than the Fed Chairman and the Treasurty Secretary!

So tell me this, what screwball thinks those earnings for Fannie & Freddie chief executives make any sense?