Comments on: Freddie Mac CEO: Woe is Me, for I must serve two masters, and one of them does not pay

By: BooRadley

BooRadley — Thu, 07 Aug 2008 13:11:53 +0000

Thanks Ian.

This is just sickening.

Thanks very much nahant for the digg link. I used it.

By: SuefromCT

SuefromCT — Thu, 07 Aug 2008 12:31:39 +0000

Syron and Bush must have taken the same business courses -

The chief executive of the mortgage giant Freddie Mac rejected internal warnings that could have protected the company from some of the financial crises now engulfing it, according to more than two dozen current and former high-ranking executives and others.

That chief executive, Richard F. Syron, in 2004 received a memo from Freddie Mac’s chief risk officer warning him that the firm was financing questionable loans that threatened its financial health.

By: Primrose

Primrose — Thu, 07 Aug 2008 03:21:39 +0000

It’s too depressing when there’s nothing to do but shrug. Why didn’t we nationalize this company when it got into so much trouble that we had to bail it out? Why are the profits privatized and the losses socialized? Where is the money coming from to pay him $19 million in salary and stock options and millions more given as campaign contributions (to keep regulators away)?

Too many questions and not enough answers — at least not the ones I want to hear. He (and they, Bear, Indy Mac, Fannie) were irresponsible and now we (taxpayers, mostly the middle class thanks to welfare from Bush to the super-rich) have to pay. Will they at least fire him?

By: Suzanne

Suzanne — Thu, 07 Aug 2008 03:19:59 +0000

teddy is upstairs

By: DrDick

DrDick — Thu, 07 Aug 2008 03:19:30 +0000

Evening all. More reasons I am a socialist. If I had my way this kind of thing, being an obvious conflict of interest, would be illegal. Of course CEOs could not be paid more than 40 times the wage of the lowest paid employee either.

By: TexBetsy

TexBetsy — Thu, 07 Aug 2008 03:19:14 +0000

Hah! The zed is gone! Gone gone gone! But Teddy’s upstairs.

By: nahant

nahant — Thu, 07 Aug 2008 03:18:57 +0000

Ct how is the new job going??

By: Suzanne

Suzanne — Thu, 07 Aug 2008 03:17:40 +0000

aloha, ct. how’s paradise tonight?

By: CTuttle

CTuttle — Thu, 07 Aug 2008 03:15:01 +0000

Aloha, Suz!

By: neurophius

neurophius — Thu, 07 Aug 2008 03:14:02 +0000

Dugg