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LENDER COMPENSATION OKAY FOR GORELICK, RAINES, JOHNSON BUT NOT FOR BANKERS
MULTIPLE | 2/12/2009 | SELF-COMPILATION OF SOURCES

Posted on 02/12/2009 9:49:44 AM PST by SERKIT

It seems making big bucks at the expense of failing lenders was perfectly OK for FOB (friends of Barry) but it is not OK for current bankers to make anything over $500,000.

Obama insists limits to bankers should be $500,000.K

Gorelick earned an estimated $26,000,000 serving as vice chair of Fannie Mae from 1998 to 2003

The Clinton administration's White House Budget Director Franklin Raines ran Fannie and collected $50,000,000. Jamie Gorelick — Clinton Justice Department official — worked for Fannie and took home $26,000,000. Big Democrat Jim Johnson, recently on Obama's VP search committee, has hauled in millions from his Fannie Mae CEO job.

These figures have paid themselves impressive private-sector salaries. Johnson earned $21,000,000 in just his last year at Fannie Mae. Raines earned $90,000,000 for five years’ work at Fannie Mae. Gorelick got $26,000,000.


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: gorelick; johnson; raines; taxcheatparty
The audacity of hubris.
1 posted on 02/12/2009 9:49:44 AM PST by SERKIT
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To: SERKIT

BTTT for some truth bout scumbags of WASHINGTON !


2 posted on 02/12/2009 9:51:57 AM PST by litehaus (A memory tooooo long)
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To: SERKIT

Is that Gorelick the same one who is resposible for 9/11?


3 posted on 02/12/2009 9:55:56 AM PST by devistate one four (Impatiently waiting for the next tea party! Tet '68)
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To: SERKIT

there ya go. failed institutions, backed by taxpayers

will congress call back their bonuses?


4 posted on 02/12/2009 9:56:08 AM PST by silverleaf ("Men are not angered by mere misfortune but by misfortune conceived as injury" - Screwtape)
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To: litehaus
CNN has a beaming reporter on saying 59% of Americans support the "stimulus bill" up from 52% last week, as Obama has so masterfully campaigned for this bill. She is smiling from ear to ear, gushing in her love for Obama, standing in front of the White House. Isn't this marvelous?

/sarc

5 posted on 02/12/2009 10:01:27 AM PST by mallardx
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To: SERKIT

Bump, but I don’t know why because no one will care that we all were robbed by a select few and 80% are still ignorant sheep that is bleating for Obama to get them a job besides McDonalds.


6 posted on 02/12/2009 10:01:53 AM PST by autumnraine ($335 Million for STD research, still no cure for cancer. Thanks Obama)
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To: devistate one four

“Is that Gorelick the same one who is resposible for 9/11?”

Yes, she is one of the single most incompetent and disastrous humans in the history of our country.


7 posted on 02/12/2009 10:02:32 AM PST by Flightdeck (Go Longhorns)
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To: devistate one four

Yes the same Gorelick who enforced the “wall” between agencies, ruining intelligence ops. The same Gorelick that was on the 9/11 Comission, if you can believe that. The same Gorelick that made $29,000,000 off of failed policies that bankrupted our Treasury. Get a rope!


8 posted on 02/12/2009 10:02:52 AM PST by mallardx
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To: SERKIT

Disgusting bunch of hypocrits. My pitchfork is ready!


9 posted on 02/12/2009 10:04:27 AM PST by FES0844
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To: SERKIT
Gorelick earned an estimated $26,000,000 serving as vice chair of Fannie Mae from 1998 to 2003

I couldn't help but whip out the old calculator, seeing that. It breaks down to exactly $100,000 a week, for five years.

I remember when the President of the United States' annual salary was $200,000.

Nothing could possibly have justified such outrageous compensation to Gorelick. Print THAT in the NY Times, and watch what happens.

10 posted on 02/12/2009 10:09:40 AM PST by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: SERKIT
Democratic policies:
1-reward failure
2-take no responsibility
3-master blame shifting
4-steal from taxpayers
5-vote personal raises
6-use taxpayers money to buy votes
7-break any law you want and then change them
8-pay no taxes unless caught
11 posted on 02/12/2009 10:11:08 AM PST by voveo
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To: autumnraine

I am part of Chuck U Schumer’s “chattering class” that cares about this stuff.


12 posted on 02/12/2009 10:15:05 AM PST by SERKIT ("Blazing Saddles" explains it all.....)
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To: Windflier
Nothing could possibly have justified such outrageous compensation to Gorelick.

To bad that GWB and the Republicans who controlled Congress didn't agree with you. All of Washington is thoroughly corrupted. Obama might be a little more blatant but he is still swimming in the cesspool fouled by those before him.

13 posted on 02/12/2009 10:20:58 AM PST by Prokopton
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To: devistate one four

yep.


14 posted on 02/12/2009 10:21:17 AM PST by visualops (portraits.artlife.us or visit my freeper page)
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To: SERKIT

Bookmarked.


15 posted on 02/12/2009 10:33:59 AM PST by Sister_T (The Obama Administration = Clinton's Third Term)
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To: SERKIT

Couldn’t there be a Stockholder’s Derivative suit or a taxpayer’s suit to disgorge these outrageous payments while working in a quasi-public job?


16 posted on 02/12/2009 10:41:28 AM PST by Inwoodian
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To: mallardx

I wish I could see these aholes frog marched through the streets with a load of tar and feathers on them, and then the rope.
The greatest country on the planet and the dems w/ thier media trolls want it changed to a dump.


17 posted on 02/12/2009 10:53:48 AM PST by devistate one four (Impatiently waiting for the next tea party! Tet '68)
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To: SERKIT

Hearing these democrap pukes scolding these bankers just makes me want to puke. I wish just once, one of these people would stand up and let these congross critters have it!


18 posted on 02/12/2009 10:54:23 AM PST by vpintheak (Like a muddied spring or a polluted well is a righteous man who gives way to the wicked. Prov. 25:26)
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To: FES0844
We are into a full-blown thugocracy and mob rule. The hypocrisy is deafening.
19 posted on 02/12/2009 11:54:22 AM PST by SERKIT ("Blazing Saddles" explains it all.....)
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To: devistate one four

Her other claim to fame is as legal counsel for Duke University. - Trying to defend the indefensible in the frame-up of 3 innocent young men.


20 posted on 02/12/2009 12:33:56 PM PST by Jenny217
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To: Jenny217

Dang! I forgot that! Thanks.
I don’t understand how and why these people are still in our face.


21 posted on 02/12/2009 12:40:59 PM PST by devistate one four (Impatiently waiting for the next tea party! Tet '68)
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To: Prokopton
Nothing could possibly have justified such outrageous compensation to Gorelick.

>> To bad that GWB and the Republicans who controlled Congress didn't agree with you. <<

You'll get no argument from me on that. As you said, DC is a corrupt and putrid cesspool, through and through.

I just don't know how much more putrid and corrupt it will have to become for The People take matters into their own hands.

If FR is any sort of reliable barometer of the mood of The People, that time is not far off.

22 posted on 02/12/2009 1:13:34 PM PST by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: Windflier
You'll get no argument from me on that. As you said, DC is a corrupt and putrid cesspool, through and through.

It occurs to me that the country's biggest enemy isn't necessarily liberal Democrats.

Instead, the country's biggest enemy may well be the Washington establishment.

They're mostly liberal Democrats, to be sure. But the likes of Snow, Collins and Specter, not to mention John McCain and Lindsay Graham, and the other corrupt and arrogant GOPers also fit the mold.

23 posted on 02/12/2009 1:20:41 PM PST by okie01 (THE MAINSTREAM MEDIA: Ignorance on Parade)
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To: okie01
It occurs to me that the country's biggest enemy isn't necessarily liberal Democrats.

Instead, the country's biggest enemy may well be the Washington establishment.

I think you're batting a thousand today.

I have no doubt that the whole government industrial complex is one, big inter-dependent beast with one goal, and one goal only; feeding its gargantuan maw for its own survival.

You could probably eliminate 75% of the people involved in our government, and it would not only work just fine, but might even perform its constitutional duties - serve the people's interests, etc.

24 posted on 02/12/2009 2:14:11 PM PST by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: SERKIT

AIG can’t do it but Gorelick, Raines, Johnson got a way with it....


25 posted on 03/16/2009 11:01:42 AM PDT by SERKIT ("Blazing Saddles" explains it all.....)
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To: All

Chuck “You” Schumer should reclaim these bonuses, too!!!


26 posted on 03/18/2009 2:20:24 PM PDT by SERKIT ("Blazing Saddles" explains it all.....)
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To: SERKIT

bookmarked


27 posted on 03/21/2009 9:17:40 PM PDT by CPT Clay (Pick up your weapon and follow me.)
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To: SERKIT
Crosslinking:

Will Obama’s Chief of Staff Return Money From Stock Options ...from... Freddie Mac ?

And another appointee:

Creator of Freddie Mac’s Home Possible goes to FHA ( The Creator of Housing Blue Print bubble???)

28 posted on 03/26/2009 11:00:05 AM PDT by Ernest_at_the_Beach (What happened to my IRAs)
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To: silverleaf

http://bluelori.blogspot.com/2009/03/black-hole.html


29 posted on 03/26/2009 11:08:25 AM PDT by FromLori (FromLori)
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To: SERKIT

BTTT


30 posted on 07/31/2009 5:58:07 PM PDT by SERKIT ("Blazing Saddles" explains it all.....)
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