Bonuses are bad! Unless it's the government... then... not so much.

[Andy]

Fannie, Freddie Bonuses Total About $210 Million

Fannie Mae and Freddie Mac expect to pay about $210 million in retention bonuses to 7,600 employees over 18 months, according to a letter from the mortgage companies' regulator.

During 2009, 92 Freddie employees are due to receive retention bonuses of $100,000 or more and one, who wasn't identified, will receive more than $675,000, the letter said. At Fannie, 121 employees will get bonuses of $100,000 or more this year and the maximum payout will be $705,000.

Of course AIG was attacked for providing $165 Million to employees that agreed to work for a yearly salary of $1, with the bonus being promised as due compensation for a lack of a real income.

But apparently $210 for employees that didn't agree to a $1 a year income is fine... because their democrats. Fannie and Freddie, which have always been dominated by the federal government, and stuffed full of political appointees, is exempt from the massive attack from the left-wingnutz that went after AIG. After all, they'd be attacking their own.

Remember the "outstanding leadership of Franklin Raines"?


The double standard is amazing, isn't it? Well not so amazing given we're talking about democrats here.

 

[GenSeneca]

The double standard is amazing, isn't it? Well not so amazing given we're talking about democrats here.

Perhaps we should stop referring to it as a "double" standard and begin referring to it as the "Progressive" standard.

 

[BigRob]

This was announced around the same time as AIG, it is interesting that no one really seems to care about these bonuses and only the AIG ones. You would imagine those that supported taking the AIG bonuses would be upset about this.

 

[Dr.Who]

This was announced around the same time as AIG, it is interesting that no one really seems to care about these bonuses and only the AIG ones. You would imagine those that supported taking the AIG bonuses would be upset about this.

One would imagine that.

But then one would realize that the only real objective is to complain about capitalism. The socialists show their true colors.