Where's the Outrage?

See the attached link about how Fannie Mae & Freddie Mac Execs are garnishing huge bonuses for driving the company into the ground!




http://www.cnn.com/2009/POLITICS/03/19/fannie.bonuses/

If I recall, the US Govt poured quite a bit of $$$ into both firms so where's the outrage and outcry calling for the heads of those folks as with other firms?

Let me see, employees took pay cuts, no bonuses, have stock that is worth nothing and even lost their jobs, but let's reward 4 or 5 executives with 1/2 million dollar bonuses for terrible performance! That's right out of the handbook...

Sounds like another case of Libs covering for their own or perhaps their own asses!

I'm Sorry "Cause I'm American"...

Over the last few days, I have been trying to digest the words I heard come out of the President of the United States mouth during his recent visits abroad. I am appalled & shocked that the leader of our country has taken this opportunity to put down the very country he has sworn to defend.

At every turn, he indicated that the US should be beholding to the Europeans and apologetic for our previous and future actions, almost to the point that we should be sorry for our very existence. Again taking a swipe at his predecessor he sounded like a "spurned" grade school child because no one wanted to play with him at recess!

It was embarrassing for him to take the "I'll follow you" attitude instead of putting the United States in the lead position as it has been and deserves amongst the worlds nations. He soon forgets that if it were not for the positive leading contributions the US has made throughout history to help they very European nations he wants to bow to, they wouldn't exist...or at least in the state that are today.

I realize that perhaps we need their support under the "why can't we all just get along" mantra, but when the rubber has to meet the road, these countries have always taken the easy way out. Short changing manpower and money to protect their own interests. Somehow we allow them to get away with it and we burden the load. They continue to do business with countries like Iran and Iraq and quickly turn the other way when its time for the check to come!

And these are the folks we need to apologize to. Somehow I'm missing something here....

Oh by the way, here's a picture of Obama giving one of those speeches....

I don't want to say I told you so!

I don't want to say I told you so, but in my last writing I stressed my concern for the govt trying to control businesses in the private sector and in particular compensation structures.

Well, this week all everyone is talking about is how Geithner wants "cart-blanche" power over such companies and the congress is trying to propose legislation that would provide him with what he wants. My good friend Barney Frank is at the leading edge of this bill.

The talk now is that it is not only Sr. Executives that can fall under such scrutiny but any and all employees of the company in question. They first will start with companies that accepted TARP funds, (and it is coming to light that many banks were forced into accepting this money whether they wanted or needed it and tactics such as threats of public audits were proposed if they refused). Sounds a little "KGBish" don't you think?

Anyway some banks are lining up to give it back to avoid having to answer to the govt on how they need to run their businesses...

There have also been comments that even non-TARP companies may suffer the same fate!

You guys still want to bury your heads in the sand???