LA_MERC_th33_r00k
September 17th, 2008, 04:35 PM
Oh boy1.?*&%$@!
Noticeable quotes from the article linked at the bottom.
In other words, the Fed has essentially bailed out private business enterprises that pay their employees exorbitant salaries while lowering the value of assets held by ordinary people (via higher inflation) and potentially increasing the taxes that Americans will need to pay during the years ahead to compensate for the worthless mortgage-backed assets now held by the Fed.
For example, Fannie Mae’s previous CEO was paid a $987,000 salary in 2007, a $2.3 million bonus, and a total compensation (including stock) of $11.6 million.
Pretty sad, isn’t it? Obama apparently thinks that money grows on trees, and McCain still doesn’t know the causes behind the nation’s credit crunch.
Read the rest below:
http://moneynews.newsmax.com/david_frazier/bailouts/2008/09/17/131808.html
I vote Dirge for President.
Noticeable quotes from the article linked at the bottom.
In other words, the Fed has essentially bailed out private business enterprises that pay their employees exorbitant salaries while lowering the value of assets held by ordinary people (via higher inflation) and potentially increasing the taxes that Americans will need to pay during the years ahead to compensate for the worthless mortgage-backed assets now held by the Fed.
For example, Fannie Mae’s previous CEO was paid a $987,000 salary in 2007, a $2.3 million bonus, and a total compensation (including stock) of $11.6 million.
Pretty sad, isn’t it? Obama apparently thinks that money grows on trees, and McCain still doesn’t know the causes behind the nation’s credit crunch.
Read the rest below:
http://moneynews.newsmax.com/david_frazier/bailouts/2008/09/17/131808.html
I vote Dirge for President.