Where are the Dollar-a-Year men when you need them?

Who would have guessed that the position of CFO at Freddie Mac carried a salary of $23 million dollars? Nonsense, you say. Ross Kari, the guy they hired last week, is getting only $2.3 million in salary (plus a $2 million signing bonus)?

Well, yes, but Obama’s pay czar, Kenneth Feinberg, proposes to cut executive salaries by 90% at firms receiving large government bailouts. Surely this applies to government employees at agencies bailed out to the tune of $51 billion and counting?

I guess good help doesn’t come cheap.

3 thoughts on “Where are the Dollar-a-Year men when you need them?”

  1. Twenty some years ago, and a bit younger I first started chasing the dream of home ownership. It was then that the housing market started taking off.I was poor. But given my employment with three jobs at the time, I should have been able to afford SOMETHING.The strangest thing happened.. Each year when I reached that point where I had enough for down payment and a decent situation, the amounts changed drastically. House prices went up (it seemed) exponentially! I wasn't able to nail a deal down till I went in with my brother on the house I currently live in. Otherwise always out of my reach.Freddie Mac and Fannie Mae, and the goverment imbiciles which caused that artificial bubble can burn in hell for all I care. They do no favor to the poor.

  2. a while back I found a really good story on gold and the dollar as a result of the Federal Reserve's continued attempts to debase our currency and continue to try to solve a debt crisis with more debt: Gold Price Headed to $2,300 on Hyperinflation Risk?here’s an excerpt: “The gold price, and the price of other hard assets, is rising as more investors across the globe ask themselves how these deficits and debts will be resolved. Furthermore, new congressional initiative aimed at politicizing the Fed would give the Secretary of the Treasury a veto over Section 13(3) governing emergency action by the Federal Reserve – and effectively taking away the independence of the central bank. Setting aside discussion of the power that the Federal Reserve currently has, if politics enters the arena of monetary policy, then the U.S. dollar’s fate is sealed. Political leaders who reflexively seek political refuge in populist pork-barrel and loose fiscal policies during difficult economic times may soon have the same power – and ballot-box pressure – over monetary policy.”

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