Some Bonus Reaping Fat Cats are Less Despicable than Others

November 16, 2011 | Filed under Culture Of Corruption,Economics,Wall Street | Posted by

Especially when the Fat Cats getting millions in bonuses for administering public/private corporations which have lost Hundreds of BILLIONS in TAX PAYER FUNDS are Democrats:

 

 

Awfully selective in his outrage is the SCofMF.

P. S.  I had originally thought to title this article “Occupy Fanny and Freddie” but decided that was just a little too subject to puerile humor.

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Posted by on November 16, 2011.
Filed under Culture Of Corruption, Economics, Wall Street.
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  • Anonymous

    What did you expect?  He put the “crony” in “crony-capitalism.”

  • Anonymous

    Obama picks winners and losers, I just wish he’d quit picking losers as winners.

  • Anonymous

    Remember: if from the left anyone asks, Obama is “Supreme Commander of American Military Forces.”  Make sure they know it’s a title deserving a certain level of respect, and admit that most right-wingers don’t use it enough.

    • http://profiles.google.com/rtssdorsai Jeff C

      that is not his military title …  maybe you need a civics lesson …  most progressives are kind of fuzzy on the whole military thing …

      • Anonymous

        You missed the joke.  A lot.  Start with finding out what SCOAMF really means…

  • jim_m

    Maybe if everyone else wasn’t so lazy they would all be getting the same bonuses the friends of the dems are getting.

  • herddog505

    My mother (who has gotten remarkably wiser since I grew out of my teens and twenties) once told me a very great truth:

    “democrats do what they accuse Republicans of doing.”

    So, we have Barry, dems in Congress, MiniTru, and the idiots on Wall Street railing about “fat cats”: “It ain’t FAIR that some people make so much money!!!  WAAAAAHHHHH!!!  They’re taking money from poor people!  WAAAAHHHH!!!  We should make them pay their fair share!!!! WAAAAHHHHH!”

    Yet, some dems are getting absolutely LOADED based on how connected they are.  Whether it’s the “investors” in Solydra and other green companies who walked away with millions that were funneled to them via taxpayer-guaranteed “loans”, dems who walked away with millions in salaries and bonuses from Fannie and Freddie, or dems in Congress who made millions on sweetheart stock deals that they accidentally-unintentionally-without-ANY-insider-information just happened to be offered, quite a few dems are getting MUCH richer on Barry’s watch, courtesy in no small part of the US taxpayer.

    As the joke goes: they told me that, if I voted for McCain, the rich would get richer and the poor would get poorer, and the fatcats on Wall Street would take everybody’s money.

    AND THEY WERE RIGHT!

    Oh, and to make the whole thing that much more farcical, a group of millionaires have just today gone to Capitol Hill to demand – DEMAND, I say! – that SOMEBODY raise their taxes.  They don’t want to get ugly, you understand, but if they aren’t made to pay their fair share, somebody’s gonna get hurt.

    Jebus, does anybody fall for this crap anymore???

    http://news.yahoo.com/millionaires-capitol-hill-please-tax-more-222330131.html

    • jim_m

      Jebus, does anybody fall for this crap anymore???

      Yep.  Like PT Barnum said, “There’s a sucker born every minute”.  Income inequality rises faster during dem administrations than it does during GOP admins, but it is the GOP that is favoring the rich.

      They said that W had a secret plan to reinstitute the draft and it was Charlie Rangel who wrote and introduced the bill.

      They claimed that the GOP was beholden to oil interests and yet it was obama who took the largest amount of campaign cash from BP.

      Dems make more money on average than republicans from insider trading off of the privileged information they have from working in the government, but they accuse the GOP of corruption in working with industry.

      They accused the GOP of wanting to take over the country and overturn our democracy, but it is the dems who are suggesting that we suspend elections next year.

      and on and on.

      They dimwits that support them will wear their chains gladly.

      • herddog505

        And they call themselves the “fact-based community”…

        As for wearing their chains, I’ve thought for years that one could throw libs up against the wall and shoot them, and they’d go with smiles on their faces and songs in their hearts so long as they could look down in the mud and see that a rich person went before them.

  • Anonymous

    No surprise here, that Obama is overawed by fat cat Democrats. Indeed going way back, by  picking a crook like Bob Johnson, ex CEO of Fannie Mae, who cooked their books, to line his pockets for his rich personal bonuses,  to head Obama’s vice president search committee in the early summer of 2008,  Obama  was able to ingratiate himself with the Dem grandees and assure them that he  wouldn’t rock their boat, either in his choice of VP, or his  future performance  as president, if elected. So far he has lived up to that promise.

    • Anonymous

      But as is often pointed out you’ll still vote for him.

      • Anonymous

        not with so much enthusiasm and if the Republicans could throw up a serious candidate…?

        • Anonymous

          I’d put about half the current GOP slate as more “serious” than Obama was in 2008. Hell, at that time I pegged him as doing a combination book tour/laying ground work for a 2012/2016 run.

          I think Hillary did, too.

          J.

          • Anonymous

            That about sums up Obama and  the modus operandi of some of the Republicans. (No one wants to read about other Dems now). Write a book almost exclusively  about yourself ,(or have one ghost written) that makes money for yourself, not your campaign,(other people can pay for that). Don’t bother to study the issues, or have the time or inclination or desire to do so (that might complicate matters), and then run for president ala book tour.

          • http://www.facebook.com/people/Ryan-Murphy/100001624276605 Ryan Murphy

            Half?  I woudl put ROn Paul as more serious of a candidate than Obama, and I think Paul is, overall, a joke(One with a few good ideas, but a joke nonetheless)

        • Anonymous

          Oh gee thanks Steve for your lack of enthusiasm, that will make 4 more years of the chrony in cheif much easier to take.

        • http://www.facebook.com/people/Ryan-Murphy/100001624276605 Ryan Murphy

          UNfortunately, to you, to be a serious candidate would involve socialism and robbing one person to redistribute their income elsewhere.

  • http://profiles.yahoo.com/u/EU5DQWQTTHTPO4A4ZYSL3AAV2U Adjoran

    We should draw a distinction between the obscene salaries and bonuses awarded Fannie and Freddie officials who steered them off the cliff to the proposed bonuses for the people who have been brought in to straighten out the mess left behind by decades of Democratic management and Gingrich’s advice. 

    The two still have some $5 trillion in combined obligations we have guaranteed, so it is in our interest to bring in the best people to straighten out the mess.  Even with the bonuses, this caliber of manager is taking a pay cut from the private sector, and may be made less likely to do so by the whining of the ignorant.

    Or we could just print some more dollars and call the $5 trillion even.

    • herddog505

      Maybe… But I’ve heard the “but we gotta hire the BEST PEOPLE!!!” line quite a few times in my life.  Are they REALLY the best people?  Have they REALLY got a plan to deal with that $5T in obligations that isn’t basically “get it from the taxpayers”?  What’s their political affiliation?  Who hired them?  What are their qualifications?  Are there penalties if they DON’T clean up the mess?  What other perks, bennies and bonuses do they get?

      I don’t say that you’re wrong and I hope that you’re right, but that I think I’m justified in being suspicious that Fannie and Freddie are still operating as sinecures, nice places to send dem apparatchiks to make some serious jack “for services rendered”.  It’s like the Roman Empire: get in good with Caesar and get assigned as governor of a nice, fat province that would make you rich.

    • http://profiles.google.com/rtssdorsai Jeff C

      I can guarantee you that current management has no plan to deal with the problems …  thats because there is nothing that can be done besides take the losses and move on.  We don’t need to pay big bucks for that kind of management.

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