Fannie Freddie

The Executive Compensation Double Standard

How is it that the Obama administration can go after executive bonuses from Wall Street banks yet continue to give millions of dollars of our hard earned money to the executives of the two giants now currently on taxpayer funded life support? Hmmm? Ah, the double standard of Chicago politics... Geithner’s Gift to America—Unlimited Liabilities for Taxpayers and $42 Million in Wall Street-Style Compensation for 12 Government Employees "The economic miracle that has been the United States was not produced by socialized enterprises...It was produced by private enterprises in a profit-and-loss system." --Milton Friedman BACKGROUND: On Christmas Eve, the Department…
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