Rewarding Failure

The government-sponsored enterprises Fannie Mae and Freddie Mac share a big chunk of the blame for the housing bust, and the subsequent recession it triggered, through their irresponsible business practices.

So how does the Obama administration respond? By giving these corrupt institutions unlimited access to taxpayer money so they can continue their nefarious practices. Also, the Obama pay czar is giving $42 billion to the F&F executives as bonuses for all the “wonderful” things they’ve done for our economy.

‘Tis the season for giving. Even if its giving away other peoples’ money without their consent.

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3 Responses to “Rewarding Failure”

  1. roulette spiel Says:

    I cannot believe this is true!

  2. ruletka Says:

    I cannot believe this is true!

  3. pengar Says:

    Great idea, but will this work over the long run?

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