Sunday, February 08, 2009

When does it stop?

Over the Christmas holidays Fannie Mae installed a new board of directors. Since for all practical purposes the company has been completely taken over by the government with our money, you'd think that the directors would be compensated at a reasonable, maybe GS-12, rate. You have thought wrong. Their pay is $160,000 for one year, that's a calendar year but certainly not 52 weeks of work; it is doubtful that any of those weeks will be 40-hour weeks. How much more can they take us for? Where is Congress on this? Where is the administration?

1 comment:

sdevito said...

I know a guy who knows a guy who knows a guy who knows another guy from Cambridge St. (The Real Cambridge St... Where young men played stickball w/ broomhandles and balls of tape.)