Posts tagged 'meltdown'

Networks Mostly Silent on $42 Million in ‘Outrageous’ Bonuses, ‘Unlimited’ Bailout of Fannie Mae and Freddie Mac

by @ Thursday, January 7th, 2010. Tags: , , , , , , ,
Filed under Culture, Economics, Government, Media

Despite the recklessness of these institutions that heavily contributed to the financial meltdown, $42 million in compensation was announced on Christmas Eve for executives of Freddie Mac and Fannie Mae. The Obama administration is allowing huge salaries and bonuses along with a pledge for “unlimited financial assistance” to these mortgage giants.
There has been little outcry [...]

Obama Scolds Wall Street About Responsibility, But Doesn’t Clean His Own House

by @ Tuesday, September 15th, 2009. Tags: , , , , ,
Filed under Economics, Government

In a pot calling the kettle black moment, president Obama lectured Wall Street about “responsibility, not recklessness.” Obviously the president, like the rest of Congress, never bothered reading the so-called stimulus bills he signed, not mention the Democrats’ other perverse pieces of legislation from Obamacare to Cap and Trade. Nor did the Washington elite seem [...]

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