Nothing says WTF (That’s Win The Future, Sputnik) like some cold hard hypocrisy. Nobody (maybe ever) does hypocrisy like Barry Hopenchange. And nowhere is it more evident than in the evil bank bonus narratives that the TelePrompTer made Barry speak of in excess back in the Obama Administration days of eld (circa 2009).
Fast Forward to…how about now, and in typical left wing fashion, connected Democrats and Democrat supporters at the biggest government run banking disaster in US history–Freddie and Fannie–got themselves some massive, take it to the hole, banker bonuses and…Barry got nothing to say. In fact, I’m not sure any Democrat has anything to say? Jeanne Shaheen? Carol Shea-Porter? Surely the class warfare generals at the New Hampshire State party headquarters in Concord are aghast at this and prepared to be just as verbal and abusive of Obama as they were of any Republican they could find a finger to point with back in 2009
Since the Enterprises have become government-funded entities, lavish payment packages have been doled out to their senior executives, and taxpayers have been footing the bill. In 2009and 2010, the Enterprises’ top six officers were given a total of more than $35 million in compensation. Of that amount, a total of $17 million in compensation was given to the CEOs of the Enterprises. Additional bonus installments for 2010 may still be forthcoming, and the two CEOs stand to make a total of $12 million in 2011. In addition, an executive has been awarded a substantial signing bonus – $1.7 million – upon joining the Fannie Mae. As these figures indicate, senior executives at Fannie Mae and Freddie Mac have become the highest compensated workers on the federal payroll – making as much as eight times more than the President of the United States. The executives even make more than their conservator, FHFA Acting Director Edward J. DeMarco.