Tuesday, November 15, 2011

What To Do With Fannie And Freddie?

Today The US House Of Representative Financial Service Committee voted to restrict huge paychecks/bonuses for the heads of the bailed-out Fannie Mae and Freddie Mac.  50 of the 54 members agreed on this!  That is huge!!

Amazingly, everyone except the following 4 agreed to cut the $5 Million salaries (that's before bonuses) paid to these people, and cut them down to similarly ranked Federal employee rates.

Luis V. Gutierrez Democrat

Mel Watt Democrat

Steven Lynch Democrat

 John Campbell Republican

Um, I guess the take-away from this is that the party in power wants to keep getting rich.  Oh wait...no matter who is in power, the rich will keep getting rich.  It might be getting close to time, to just let "the meek inherit the earth".  There are a lot more of us, than them.

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