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More hypocracy from the Dems
I cannot wait to see this explained away. We heard how EVVIIILLL wall street, in fact I saw a preview for a nifty Michael Moore film recently. And lets not forget the angry Bahney Fwank protests against banking and finance salaries,,,,,,so how do you explain this -
The government-controlled mortgage finance company is giving CFO Ross Kari compensation worth as much as $5.5 million. That includes an almost $2 million cash signing bonus and a generous salary that could top $2.3 million.
The Federal Housing Finance Agency, which oversees Freddie Mac, approved the pay package. A spokeswoman pointed to a statement that justified the agency's approval of the pay, which was done in part because the amount was comparable to what others in the financial services industry make.
Freddie Mac is not just another company. It's alive today, and nearly 80 percent owned by the government, only because almost $51 billion in taxpayer funds were pumped into it over the last year. More bailout money also may be needed in the quarters ahead as losses from its troubled mortgages mount.
HUH????????? Are you OUTRAGED??????????? This is un-freakin believebable. Bahney?
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