After AIG took a beating today at Congressional hearings over the controversial $165 million in bonuses paid to it’s executives more news comes that Fannie Mae and Freddie Mac, both recently taken over by the U.S. government, are planning to reward their execs with a payout. That’s right folks your taxpayer dollars are hard at work once again. James Lockhart, director for the Federal Housing Finance Agency, characterized the payouts as:
…a reasonable and well-thought out plan
He maintains that “human capital” is key to keeping Fannie & Freddie afloat. The same human capital that drove you into the ground and made you ask the government for a handout? Once again we’re rewarding the assholes who destroyed our financial system all in the name of their own greed. All I can say is I want my money back. Who’s with me?