Outrage over executive bonuses...

Discussion in 'Politics' started by P@triot, Nov 1, 2011.

  1. P@triot
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    P@triot Gold Member

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    Like most normal people, I figured out the left is made up of profoundly stupid people by the time I was about 8. I mean, they are truly border line retarded (which explains why they feel they need to live off of the government). And just when I thought they couldn't possibly get any dumber, they go and do this:

    The Obama administration’s efforts to fix the housing crisis may have fallen well short of helping millions of distressed mortgage holders, but they have led to seven-figure paydays for some top executives at troubled mortgage giants Fannie Mae and Freddie Mac.

    The Federal Housing Finance Agency, the government regulator for Fannie and Freddie, approved $12.79 million in bonus pay after 10 executives from the two government-sponsored corporations last year met modest performance targets tied to modifying mortgages in jeopardy of foreclosure.

    The executives got the bonuses about two years after the federally backed mortgage giants received nearly $170 billion in taxpayer bailouts — and despite pledges by FHFA, the office tasked with keeping them solvent, that it would adjust the level of CEO-level pay after critics slammed huge compensation packages paid out to former Fannie Mae CEO Franklin Raines and others.

    Read more: Fannie Mae, Freddie Mac executives get big housing bonuses - Josh Boak and Joseph Williams - POLITICO.com

    So just to recap - the left is "outraged" when private corporations give bonuses to their executives (with money the company earned - and which is none of the business of liberals to begin with), but then they turn around and with taxpayer dollars, taken against the will of the American people, pay incompetent executives who are truly the ones responsible for collapsing the economy, millions on top of millions. Thank you Dumbocrats for proving once again you truly are the party of hypocrisy and incompetence.
     
  2. Photonic
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    Photonic Ad astra!

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    Partisan statements like this are always full of awesome irony.

    Maybe one day you'll grow out of that 8-year old you still clearly are and into an adult who looks at both sides.

    Being spoon fed is not forming your own opinion.
     

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