The CEO of Freddie Mac Richard Syron received a compensation package of 19 MILLION dollars last year.
Franklin Raines of Fannie Mae made 50 MILLION on claimed profits that were false.
Now these institutions have failed and they are asking US the taxpayers to bail them out to the tune of $250 MILLION dollars.
That is not even inclusive of the $700 MILLION that Sect. of Treasury Paulson is asking for to bail out Wall Street banks, like.......oh say ....LEHMANN BROTHERS who PAULSON WORKED FOR AND WAS PAID $30 MILLION DOLLARS.
These people should give back every dollar for their failed companies.
And we as American Taxpayers need to contact our Senators and say HELL NO!!!!!
Each Household in the country is going to have to pay $2500.00 To bail these people out.
Here is a link to your senators office. PLEASE USE IT!!!
http://senate.gov/general/contact_information/senators_cfm.cfm
Put your faith and hope in the bailout plan.
If it isn't passed or it doesn't work there is a very good chance that you and I and almost everyone else will be unemployed. That is because the entire economy will go down the tubes.
The FBI has already opened investigations into the four major failures and, if any laws have been broken, legal action will be taken.
Hope this helps
Jerry-the-bookkeeper
