I'm Mad As Hell And I'm Not Going To Take It Anymore

Frick it all. I mean Fricking Frick It All. This is the straw that breaks the camels back for me.

Mortgage finance giants Fannie Mae and Freddie Mac plan to pay more than $210 million in bonuses through next year to give workers the incentive to stay in their jobs at the government-controlled companies.

Incentives to stay at their job? Do you know how many white collar intelligent Americans are out of work (over 11% where I live) and these assholes who lost over $100 billion need incentives to work?????

The Companies paid out nearly $51 million last year, , are scheduled to make $146 million in payments this year and $13 million in 2010. "It's hard to see any common sense in management decisions that award hundreds of millions in bonuses when their organizations lost more than $100 billion in a year, It's an insult that the bonuses were made with an infusion of cash from taxpayers."

Fannie had disclosed that it plans to pay four top executives at least $1 million each in retention payments that run through February. Freddie has yet to report on which executives are in line for the awards.

Since the takeover, Fannie Mae has received $15 billion in federal aid, while Freddie Mac has received nearly $45 billion.

The companies' federal regulator, James Lockhart of the Federal Housing Finance Agency, defended the bonuses in a March 27 letter to Grassley, noting that the collapse of the company's stock prices "destroyed years of savings for many" workers. The companies' stocks now trade below $1, down from more than $60 in fall 2007.

Throttle the fuck down Cowboy. The collapse of the Company's stock price is a direct result of the collapse of intelligent decisions within the organization.

The meltdown has destroyed years of savings for employees? And what about all us hard working chumps that lost 60% in the market mentdown although we had no control over the performance of companies we invested in??? How are these schmucks entitled to be made whole when they're the on of the biggest roots of the problem? ??

Where's my relief? Just once, where's my relief?

I'm self employed, have no retirement, no pension, pay health insurance out of pocket and work 16 hours a day. What can G do for me? Absolutely nothing, just take.

I can't imagine having the audacity to work in upper level management at one of these firms, knowing damn well you fucked up horribly and subsequently sent the nation in a tailspin. And then have the conscience to take over a million dollars in tax payer money as a bonus in addition to benefits and a salary that would make a private citizen move his family to Pluto to be able to receive.

Lockhart denied a request Grassley made last month to release names of employees receiving at least $100,000 in bonuses, citing "personal privacy and safety reasons."

This statement in itself speaks to not passing the smell test. Pass the smell test? Hell, this crap stinks the place up twenty miles before you get to the farm.

We are so fricking screwed. When organizations that rely on taxpayers money do this and do this unchecked. We are truly screwed. This is PURE EVIL AT WORK!