The government bails out Fannie Mae, Freddie Mac and Lehman Brothers...with taxpayer money.
Are these people going to give back their millions of dollars in bonuses? Jamie Gorelick made 26 million at Fannie Mae. Johnson made similar millions. All the while they cooked the books to make sure they got their bonuses. And the taxpayers now pick up the pieces.
Hold your horses people. The G’ment will make money on the Bear Stearns deal, and, if they do the same type of thing here, they’ll most likely make money on this deal too. Way too much jumping of the ‘bailout with taxpayer money’ gun here. Not a dime of taxpayer money was actually spent, nor was a single shareholder bailed out (ie, prevented from loosing their shirt). I’d get the hard facts first before yelling ‘taxpayer getting soaked for fat cats’ and ‘corporate socialism’.