Forbidden Donut

Basically, if we don't get our shit together and back on track...another depression! Though, some say we are in a recession already so...

We pretty much are. Just throwing this out there, and seeing what people here think about it.

Came across this on reddit. It's about Fannie Mae and Freddie Mac from 2003. Man what happened to the guy who predicted this?

http://www.lewrockwell.com/paul/paul128.html

I don't know what happened to them, but this is what's happening to the people who SHOULD have predicted this, and didn't, or DID predict it and ignored it.

linky

Dan Mudd, the CEO of Fannie Mae : $9.3 million severance package
Richard Syron, the CEO of Freddie Mac: $14.1 million severance package

Paid for by taxpayers like you.

But national healthcare is socialism! oogah boogah!

Wait. You get a large severance package when you do a terrible job? Holy shit. I need to get off my ass and screw things up!

Here's more from today:
Wamu

Not a bailout, but basically the CEO of WaMu is responsible for an 85% drop in shareholder value, about 19 million bucks.
He's leaving with $23.6 million in total compensation.

Let's say I only manage to write 15% of the code I'm asked to write in a year. I get fired. But if they only salvage 15% of the company, they get 24 million dollars.

This is why class warfare is okay by me.

/I bet the rich are delicious.
//I refuse to eat cake in the absence of bread.

Bonus, the guys name is Killinger:

Obama is earning many brownie points in my book:



from here.