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Author Topic: F/F Decry Cuts  (Read 608 times)

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Offline Libertas

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F/F Decry Cuts
« on: November 16, 2011, 02:38:25 PM »
The top executives of Fannie Mae and Freddie Mac told U.S. lawmakers Wednesday that slashing employee and executive pay would make running the two mortgage-finance companies far more difficult at a time when the housing market remains weak.
http://www.marketwatch.com/story/fannie-freddie-ceos-argue-against-pay-cuts-2011-11-16?siteid=rss&rss=1

Boo fracking hoo!  And I don't give a tinkers damn about who makes what, that is a red-herring argument the Left would like to see the Repub's capitulate on...the real argument is why these toxic waste dumps are allowed to exist in the first place!  If they were not around and every jackass piece of legislation from CRA forward were repealed only people who can afford a freaking home would be getting freaking loans!  That way the default rate and systemic risk in the system would be a tiny fraction what it is now!!!

IDIOTS!

 ::gaah::
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Offline AlanS

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Re: F/F Decry Cuts
« Reply #1 on: November 16, 2011, 02:53:37 PM »
And yet, they want to limit the salaries and bonuses of real producing CEO's. ::rockets::
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Offline LadyVirginia

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Re: F/F Decry Cuts
« Reply #2 on: November 16, 2011, 03:22:31 PM »
Quote
The top executives of Fannie Mae and Freddie Mac told U.S. lawmakers Wednesday that slashing employee and executive pay would make running the two mortgage-finance companies far more difficult at a time when the housing market remains weak.

Sounds like an argument for slashing pay!   ::danceban::  ::cool::
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Offline Predator Don

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Re: F/F Decry Cuts
« Reply #3 on: November 16, 2011, 06:01:07 PM »
If running them into the ground, then yes, they are correct.

Any slime can approve every loan that come across thier desk. I'd say minimum wage should cover it.
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