Thursday, March 26, 2009

Still waiting for this new era of oversight in Washington

Ok let me get this straight

Chris Dodd's wife was an exec at AIG and Chris Dodd accidentally wrote legislation benefitting AIG execs getting bonuses

then there is this

Rahm Emanuel's profitable stint at mortgage giant
Short Freddie Mac stay made him at least $320,000
By Bob Secter and Andrew Zajac Tribune reporters
Before its portfolio of bad loans helped trigger the current housing crisis, mortgage giant Freddie Mac was the focus of a major accounting scandal that led to a management shake-up, huge fines and scalding condemnation of passive directors by a top federal regulator.One of those allegedly asleep-at-the-switch board members was Chicago's Rahm Emanuel—now chief of staff to President Barack Obama—who made at least $320,000 for a 14-month stint at Freddie Mac that required little effort.

Reportedly Obama also got 100,000 from AIG in campaign contributions

Bonnie Frank and a bunch of Obama advisors were previously employed by Fannie and Freddie who are also at the heart of this mess.

but wait some fannie and freedie execs are also getting bonuses

and do not forget the 60 billion that was laundered to banks not in the US through AIG

and this is the new open and honest Washington

bring back Nixon

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