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Sunday, April 05, 2009

Will There Be Show Outrage For Fannie Freddie Bonuses?

I doubt it. Actually I KNOW it.

Hey folks,

THIS is just unbelievable. But typical at the same time. Remember the Fake AGI "rage" over the bonuses? Well, not for Obama and Crew's pet project, and what started the economic mess we are in right now. No they are about to give out at least $1 million dollars each, to four top Executives? Are they going to be called on to give the money back? Are they going to be taxed over 90 percent? Will Obama say he would "do everything we can to get those bonuses back." Nope.

Where is the Moron? Where is Frank? Why do we not hear him DEMANDING the names of all the people getting bonuses? Folks, this is just too ridiculous to even attempt to analyze.

AGI was giving out $165 million in bonuses. The Show was on. Enter Frankie.





Fannie and Freddie will be giving out $210 Million dollars in bonuses for retention awards for more than 7,600 employees. Sen. Charles Grassley of Iowa, the Senior Republican on the Senate Finance Committee, asked for the names of the people getting the bonuses, and he was told, no. Why? {Laughing}

Lockhart denied a request Grassley made last month to release names of employees receiving at least $100,000 in bonuses, citing "personal privacy and safety reasons."

Where is FRANKIE???? Where are the Subena requests? Where is Obama?

"It's hard to see any common sense in management decisions that award hundreds of millions in bonuses when their organizations lost more than $100 billion in a year," Grassley said in a statement. "It's an insult that the bonuses were made with an infusion of cash from taxpayers."

You think? Seriously, why do you think that the infamous clause that allowed the bonuses to be paid was put in there when no one was looking? So FANNIE AND FREDDIE could pay out these. AGI just benefited from it. There will be no Show. There will be no OUTRAGE. It was the Democrats, including Frankie himself, that PROTECTED Fannie and Freddie and allowed this to happen. They still are.

Keeping the companies "operating at full speed was best for the housing markets and best for the economy," Lockhart wrote. "That would only be possible is we retained the Fannie and Freddie teams."

Yeah, keep the crooks in there. Unbelievable.
Peter

Sources:
AP - Fannie, Freddie worker bonuses total $210M

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