"You do not imagine, I hope, that we pigs are doing this in a spirit of selfishness and privilege?"
"WASHINGTON (AP) -- Mortgage finance giants Fannie Mae and Freddie Mac plan to pay more than $210 million in bonuses through next year to give workers the incentive to stay in their jobs at the government-controlled companies.Is Mr. Lockhart talking about something like this?
. . .
The companies' federal regulator, James Lockhart of the Federal Housing Finance Agency, defended the bonuses in a March 27 letter to Grassley, noting that the collapse of the company's stock prices "destroyed years of savings for many" workers. The companies' stocks now trade below $1, down from more than $60 in fall 2007".
Oops! Wrong chart.
"Lockhart denied a request Grassley made last month to release names of employees receiving at least $100,000 in bonuses, citing 'personal privacy and safety reasons'."No bus trips for us, then.
"But many lawmakers have little sympathy for that argument amid a public outcry over roughly $165 million in bonuses paid out last month by bailed-out insurance giant American International Group".