DISQUS

unrepentant_expat · 1 year ago

"Obama slams “inappropriate windfall payments” for Freddie/Fannie execs "

It's a shame that understatement seems to be lost on the masses. Maybe Obama should shout 'obscene'.

moseao · 1 year ago

Reverse Socialism at it's finest. This goes right up there with not allowing collective bargaining on pharmaceutical drugs.

dad · 1 year ago

enough

JamesR · 1 year ago

I listened to this weasel (apologies to actual weasels,) Daniel Mudd, president and CEO of Fannie Mae, on the Diane Rehm show on NPR, August 20th - streaming archived audio here: http://wamu.org/programs/dr/08/08/20.php#21757

She tried to press him as to what his salary was, several times, turns out it's kinda variable and is supposed to be. Though it is still batshit large. And frankly I do not see, nor did it become more clear from the interview exactly WHAT he does, not least what he could possibly be paid even a modest salary for. Really. I am sure he does something, but Christ on a cracker it just can't possibly be worth that much. Just Not.

He went on and on about how certain large sums of his salary were cumulative and included stock and stock options I suppose that were evaluated at higher than current market value, and so on. Right. OK. I guess your holdings aren't worth anything really until you sell them. OK well then if you are AT THE HELM OF A CORPORATION WHEN IT RUNS AGROUND, a captain goes down with the ship. A PIRATE makes off with all the booty he can get and runs away.

This interview was in between the time the Fed guaranteed Fannie Mae etc., and now. This asshole had to know exactly what was going to happen. Extra sincerity in his tone when he bitched that his stock was worth less than his critics said, as he knew it would be toilet paper soon but could not risk selling any or he'd go down like Martha Stewart. So, of course, he deserves all his bonuses and severance dollars. In the pirate world he lives in.

Meanwhile my family can't get a decent mortgage even when we can pay it, and out property values have gone down and no one who could buy our property can get a mortgage. THANKS.

Are we hearing crickets from the McCain camp on this or will Phil Gramm start whining that CEOs are being shown disrespect?

vwcat · 1 year ago

We end up paying for the failures and bailouts of these companies. and yet we are already hurting too much from mortgage frauds and our jobs being sent overseas while the companies get welfare for doing so.
Now we have to pay for not just the bailouts of failures but, the golden parachutes of these conmen because they have the title ceo rather then the real title of conmen?
Enough!

truebluecoondog · 1 year ago

I agree with SENATOR Obama. (Why do they insist on calling him "Mr."?)

cwzilla · 1 year ago

hey phil gramm thanks a friggin heap for gutting regs that would have stopped this from happning but dont worry paulsons rite on it or should I say in on it