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It Just Keeps Happening!

Discussion in 'Politics, Elections & Legislation' started by Andy44, Dec 24, 2009.

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  1. Andy44

    Andy44 Active Member

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    NEW YORK – The two chief executives of Fannie Mae and Freddie Mac could get paid as much as $6 million for 2009, despite the companies' dismal performances this year which cost taxpayers more than $100 billion.

    Fannie's CEO, Michael Williams, and Freddie CEO Charles "Ed" Haldeman Jr. each will receive $900,000 in salary, $3.1 million in deferred payments next year and another $2 million if they meet certain performance goals, according to filings with the Securities and Exchange Commission on Thursday.

    The pay packages were approved by the Treasury Department and the Federal Housing Finance Agency, which regulates Fannie and Freddie.

    This $hit has GOT to Stop!

    AndyH :-|
     
  2. Bruce Specht

    Bruce Specht Well-Known Member

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    So how is this "Change " working for everyone?
     
  3. comp 1

    comp 1 Well-Known Member

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    What did you expect? Unless the silent majority[not quite so silent anymore];thank goodness for the tea party movement,doesn't get off it's a$$ and vote every single one of our senators out you can expect more of the same. Notice I said the senators,but the same goes for the house too.I think it would be easier to get rid of the senators first since there's less of them. Let's get behind a national tea party movement,form a political party and run people who think like we do.
     
  4. moore5833

    moore5833 TS Member

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    Unfortunatly they become politictians themselves-once elected.
     
  5. Bisi

    Bisi TS Member

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    Fannie and Freddie are owned by the federal government now. The CEOs are probably hugh contributors to Obammies presidental reelction committee.
     
  6. Brian in Oregon

    Brian in Oregon Well-Known Member

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    Deplorable Bitter Clinger in Liberal La La Land
    The rich get richer, the middle class pays more taxes, and the poor get welfare.

    What could be more fair?
     
  7. Recoil Sissy

    Recoil Sissy Well-Known Member

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    Andy44:

    Six million is chicken feed.

    Franklin Raines spent most of a working lifetime feeding at the government trough. He is former Chairman and CEO of Fannie (a.k.a. Phoney) Mac.

    Appointed by Bill Clinton, Raines personally played a pivotal role in the subprime driven collapse of the U.S. economy. Under Raines leadership, Phoney Mac was investigated for widespread accounting fraud and was found to be in substantial violation. It was widely reported that Raines 'cooked the books' to score HIMSELF a $90,000,000 million (that's a $90 freakin million dollar) bonus.

    A bonus for WHAT you might ask? That would be for very same subprime loan debacle that provided hundreds of billions in loans to clowns that didn't and could have never qualified for a legitimate loan. The subprime debacle that sent the entire U.S. economy into the toilet.

    Amazingly, Obambi chose this crooked f'er as one of his economic advisers while campaigning for president.

    Then you have Obambi's closest of cronies and White House Chief of Staff, Rahm Emanuel. Emanuel was also eyeball deep in the subprime disgrace.

    A life long Chicago political hack (that was a triffle redundent wasn't it?), Emanuel was named to the Board of Directors of Freddie (a.k.a. Fraudie) Mac by then President Bill Clinton in 2000. Emanuel's position earned him at least $320,000. He was not assigned to any of the board's working committees, and the Board met no more than six times per year.

    Fraudie Mac was well on its way to 'hell in a basket' while Rahmbo served on the board. However dems have argued he wasn't really responsible since Rahmbo made no substantive policy decisions as a member of the board.

    It aint six (or ninety) million dollars, but $320K aint bad for a 'no show' job.

    sissy

    PS: Stay tuned. On a thread coming soon, you'll be able to read some of the ts.c site morons explaining how Obambi "inherited" a bad economy from the GOP and how it was all Bush's fault. Sure he did...
     
  8. Catpower

    Catpower Molon Labe TS Supporters

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    Brian, actually it goes like, The rich get welfare, the poor get welfare, and the middle class is going down the dumper, because we're neither rich or poor, yet.
     
  9. BLACKDOG

    BLACKDOG TS Member

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    Quit whinning, grab a gun and we will all go to D.C. That is the only way you will ever, dislodge these POS
     
  10. smoked

    smoked TS Member

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    The entire congress, especially the senate is "controlled" by big corporate interest.Lobbying is the sport of choice for ex-politicians and they are the ones that know how to get things done in Washington, not for the people... For them and the highest bidder within the corporate world.

    What needs to be understood is that "the rules need to be changed" but that's not going to happen as long as the beneficiaries are the ones that need to change them

    Democrat or Republican they are ALL at the same trough. A third party in the US might be very interesting but the theme needs to be GREED REFORM"

    Chris
     
  11. Francis Marion

    Francis Marion Well-Known Member

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    I believe levi391 has it right. The system is too big and too corrupt to ever be fixed. Even if we could succeed in electing 50% good guys( which will never happen) one or two would be bought off and we're right back in the same mess.Just look at what dirty harry did to secure the 60 votes he needed to pass that piece of shit health care bill. Montana, Florida,Connecticut and Louisiana got theirs.Sometimes you have to blow it up and start over to fix something. After the shooting stops, priority one is to do away with the entrenched two party system.Let each representative vote his conscience, not his party's promises.
    That way each is responsible for his own vote at election time.
     
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