LENDER COMPENSATION OKAY FOR GORELICK, RAINES, JOHNSON BUT NOT FOR BANKERS

MULTIPLE | 2/12/2009 | SELF-COMPILATION OF SOURCES

[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.

[devistate one four]

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

[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. <<

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.

[okie01]

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.

[Windflier]

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.

[SERKIT]

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

[SERKIT]

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

[CPT Clay]

bookmarked

[Ernest_at_the_Beach]

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???)

[FromLori]

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

[SERKIT]

BTTT