“Kellerman had been under fire for financial irregularities at the home lending giant. Additionally, he has been criticized for taking a large bonus, while the Feds were injecting Mac with $ billions in taxpayer bail-out funds.”
*snip*
Reports of additional bailout negligence and mismanagement are rocking the Obama administration as lack of oversight has produced one big TARP mess after another, leaving Democrats running for cover.
There were more revelations yesterday of excessive executive bonuses from the mismanaged Fannie Mae and Freddie Mac, companies at the very heart of the current financial meltdown, and an announcement from Democrats in Congress that 13 of the financial firms receiving bailout money from taxpayers owe more than $220 million in unpaid back federal taxes.”
http://libertarianrepublican.blogspot.com/2009/04/freddie-mac-cfo-david-kellerman.html
The Smiling Messiah.
"As long as I keep on smiling, I can gull the peon taxpayers into thinking all their money is safe."