Saturday, March 21, 2009

Tell Me Something Stupid

So I'm bored, right, and it's three a.m. here on the West Coast of Alto Mexico, so there's even less to do.

But troll Drvdge for the latest in the online jewspapers.


James Lockhart, director of the government agency which oversees Fannie Mae & Freddie Mac, whined to Senator Barney Frank about Frank's machinations to cease the payment of bonuses to executives at those two financial disasters.  You're gonna like this, gang:  "They received no bonuses for their 2008 performance. The value of their stock holdings and options are worthless. We are taking actions to ensure that these retention payments are not excessive," Lockhart wrote.

Uhhh... management at two companies which didn't flirt with insolvency so much as as turn around and drop their panties... expect to be paid for the most lackluster performance of their lifetimes?

Guess it's not as much fun when the bad guys get their A.G.

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