Obama.... Corrupt..?

Discussion in 'Politics' started by Lumpy 1, May 27, 2011.

  1. Lumpy 1
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    Lumpy 1 Diamond Member Supporting Member

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    Sure.. it's old news but .. heck, it still bugs me...

    Just how corrupt is this Obama...and does anyone care..?

    ----------------------:(

    Top executives at Fannie Mae and Freddie Mac were paid more than $35 million in the past two years while the two bailed-out mortgage finance giants were receiving $153 billion in support from taxpayers.

    The huge payouts came to light in a new report published on Thursday by the Federal Housing Finance Agency’s Office of Inspector General.

    “Although the Enterprises [Fannie Mae and Freddie Mac] have lost billions of dollars and continue to depend upon federal support to remain in business,” the report states, “their senior executives continue to receive multi-million dollar salaries.”

    At Fannie Mae (Federal National Mortgage Association), its chief executive officer received $9.3 million in total compensation in 2009 and 2010, the report reveals. The CEO is Michael J. Williams, who joined the company in 1991.

    At Freddie Mac (Federal Home Loan Mortgage Association), CEO Charles E. Haldeman Jr., former head of Putnam Investments, made $7.8 million in the two years since the company was taken over by the federal government.

    Fannie Mae’s chief financial officer made $4.6 million, and its chief accounting officer/general counsel received $4.5 million.

    Outrage: Freddie and Fannie Execs Pocketed $35 Million In Taxpayer Money
     
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  2. The T
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    The T George S. Patton Party Supporting Member

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    Where are the Statists on this? Was this approved by Bawney Fwank, and Chissy Dodd?
     
  3. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    Barack Obama is just about as corrupt as Jimmy Steward's Mr. Smith goes to Washington character.

    And it's driving the Corporate Quislings..crazy.
     
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  4. Lumpy 1
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    Lumpy 1 Diamond Member Supporting Member

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    So, in other words.. you don't care...:lol:
     
  5. American Cowboy
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    American Cowboy BANNED

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    Obama is a liar and this could be criminal:

    We can't drill in the Gulf, but we are going to borrow $2.84 billion (+ interest) from China to loan to Colombia (money we will never get back) for an oil refinery, so we can buy oil from them, so they can make money from us.

    Why would we do something so stupid? Reficar is a subsidiary of Ecopetrol, a Colombian nationally owned company. George Soros is a major share holder and will make millions off this. Soros is Obama's puppet master. There needs to be an investigation here. America is going to lose billions, so Obama's buddy can make millions.
     
  6. MikeK
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    MikeK Gold Member

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    Financial corruption in America has reached a level at which nothing but revolution will bring it under control. The Nation is becoming an oligarchy with a small number of individuals in possession of the largest portion of its wealth resources and our political system is driven by bribery. Such a system cannot get better. It can only get worse because there is no limit to greed.
     
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  7. Lumpy 1
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    Lumpy 1 Diamond Member Supporting Member

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    Doomed.. Doomed .. I tell Ya..
     
  8. Ernie S.
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    Ernie S. Platinum Member

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    Ahh, but there are limits to incentive. They're known as "entitlement programs".
    More and more people take the easy way out and rely on the government to take care of their needs. Why work hard and try to live "the American dream" when they'll loose all that free shit?
     
  9. Lumpy 1
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    Lumpy 1 Diamond Member Supporting Member

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    I think most people want to work.. but they screw themselves up in a variety of ways... they have lost their pride..
     
  10. LordBrownTrout
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    LordBrownTrout Gold Member

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    Not right now................. Next year, though, when an R gets elected back in, they'll be climbing to the highest mountains to scream their discontent.
     

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