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| Political Threads This section is for Political Threads - Enter at your own risk. If you say you don't want to see what someone posts - don't read it :hihi: |
10-02-2009, 01:34 PM
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#1
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sick of bluefish
Join Date: Aug 2003
Location: TEXAS
Posts: 8,672
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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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making s-b.com a kinder, gentler place for all 
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10-02-2009, 01:35 PM
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#2
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sick of bluefish
Join Date: Aug 2003
Location: TEXAS
Posts: 8,672
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51 BILLION in taxpayer funds
Barak Obama - worst president ever.
Can you possibly IMAGINE a federal helath care program!
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making s-b.com a kinder, gentler place for all
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10-02-2009, 02:17 PM
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#3
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Registered User
Join Date: Jul 2004
Posts: 10,300
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What would be an appropriate salary?
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10-02-2009, 04:48 PM
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#4
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,466
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Considering a lot of top CEO's make 50M+ a year, a pawltry 2.3M a year for a top executive isn't that crazy.
There's a line between competitive compensation and over compensation.
-spence
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10-03-2009, 08:46 AM
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#5
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Registered User
Join Date: May 2003
Location: Easton, MA
Posts: 5,737
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Quote:
Originally Posted by spence
Considering a lot of top CEO's make 50M+ a year, a pawltry 2.3M a year for a top executive isn't that crazy.
There's a line between competitive compensation and over compensation.
-spence
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How many CEO's working for government controlled businesses make that much? |
Conservatism is not about leaving people behind. Conservatism is about empowering people to catch up, to give them tools at their disposal that make it possible for them to access all the hope, all the promise, all the opportunity that America offers. - Marco Rubio
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10-03-2009, 08:59 AM
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#6
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Registered User
Join Date: Sep 2006
Location: Mansfield
Posts: 4,834
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Quote:
Originally Posted by fishbones
How many CEO's working for government controlled businesses make that much?
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Not as many now as we will have in three more years  |
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10-03-2009, 09:05 AM
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#7
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,466
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Quote:
Originally Posted by fishbones
How many CEO's working for government controlled businesses make that much?
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I believe both Freddie Mac and Fannie Mae are still public companies, just that the FHFA is acting as conservator. That being the case, they are not really government entities and are in a somewhat unique position.
-spence |
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10-03-2009, 10:19 AM
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#8
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Registered User
Join Date: May 2003
Location: Easton, MA
Posts: 5,737
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Quote:
Originally Posted by spence
I believe both Freddie Mac and Fannie Mae are still public companies, just that the FHFA is acting as conservator. That being the case, they are not really government entities and are in a somewhat unique position.
-spence
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Unique position in that they can still claim to be private companies, but they have the government to print money for them to stay afloat.
Spence, do yourself a favor and read Jimmy's initial post so you won't look so ill-informed when you start responding with your lib talking points.
Just because you have a thing for Barney Frank doesn't mean you have to defend him to the end. |
Conservatism is not about leaving people behind. Conservatism is about empowering people to catch up, to give them tools at their disposal that make it possible for them to access all the hope, all the promise, all the opportunity that America offers. - Marco Rubio
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