Fannie, Freddie CEOs Took Millions, Far More Than Gingrich

PJ Media ^ | November 20, 2011 | Patrick Richardson

[American in Israel]

Fannie and Freddy were the Democrat party's hammer and sickle to take out the economy so that they could force the election. They literally burned down the economy to capture the presidency.

Traitors, who should all stand before a Military Tribunal for treason and sedition in a time of war. Destroying the homes and retirements of a few hundred Million Americans in a vain grasp for more power, that they then used to loot the treasury and economically enslave generations to come.

They better enjoy the filthy lucre now, for they, like all men, will answer to God at the end of their days for how they treated their fellow man.

There is a fate worse than death...

[ken21]

the newties will be insulted about this.

[montag813]

So he made less than the crooks who ran it into the ground? That is supposed to be impressive?

[tumblindice]

Yep, as the old joke goes: we’ve established what he is, now we’re just haggling over his price.

[fightinJAG]

What an idiotic comparison, between the compensation of CEOs and the fees paid a consultant.

Good grief.

[fightinJAG]

I asked this on another thread, but not one person took a stab at trying to answer:

Does anyone want to answer the question as to why they think Gingrich’s work for Freddie Mac can be brushed off as saying nothing about his political instincts?

[fightinJAG]

So he made less than the crooks who ran it into the ground? That is supposed to be impressive?

SPOT ON.

This is one of the more idiotic comparisons/"analyses" I've seen 'round these parts in a while.

[kcvl]

The firms’ chief executives have base salaries of $900,000 annually. They stand to make as much as $6 million a year after receiving deferred pay and bonuses. The executives’ compensation packages remain 40% below the levels before the government took the firms over in 2008, according to the Federal Housing Finance Agency, which regulates the two firms.

Edward DeMarco, the acting head of FHFA, argued that cutting workers’ pay would lead to losses for taxpayers in the long run. For example, he cited the agency’s lawsuits against the nation’s largest banks for poorly underwritten loans during the housing boom. “I need to have qualified and experienced counsel,” for those lawsuits, he said.

http://www.chicagotribune.com/business/breaking/chi-fannie-freddie-ceos-defend-bonuses-on-capitol-hill-20111116,0,4454495.story

[American in Israel]

Once long ago, such things were called embezzlement, but now that they are run by Democrat political appointees, tens of millions of dollars missing from the till is called a salary. Amazing pay for people who's incompetence destroyed the business. Unless of course, the high pay was TO destroy the economy. In that case, they were quite competent.

Destruction pays so very well. Just think of it as National Economic Hit Men.

[Ingtar]

So Newt only rises to the level of junior level crook? Someone needs to tell Newt that legal doesn not necessarily mean correct or moral.

[American in Israel]

Moreover, any CEO at a private company taking these kinds of losses year after year would be “invited to resign” if he wasn’t fired outright. So why are these two, indeed these six, still employed?

This would seem to be a larger issue than one presidential candidate being paid for his advice when he was a private citizen.

Yes, it would seem to be a pretty clear case of TREASON to enable the Socialist take over of the United States of America.

[MNJohnnie]

The CEOs never pretended to be anti government Conservatives. Newt does.

[ken21]

i’m reading “reckless endangerment” by morgenson.

the people inside the home mortgage business or even near it could not have known that there was an impending train wreck.

i’d like to see newt’s report to freddie mac!

[ez]

How do we know Newt didn’t advise them to stop giving loans to people who couldn’t afford them? He says his advice was not taken, which is typical of liberals and their advisers and committees.

[ez]

see #15

[fightu4it]

What exactly did Newt do to earn that $1.million?

__

[ken21]

you don’t,

unless you have access to newt’s report.

surely someone would have that report.

[MNJohnnie]

I know, don’t bother the Newtbots with the inconvenient facts about St Newt.

[ez]

For a guy who spends all day every day trying to knock Newt back to the pack, you sure get annoyed at people with opinions that differ from yours. It’s pretty funny when you accuse other people of virulent advocacy.