Take a Guess Who is Paying Fannie & Freddie's Legal Fees | Steadfast Finances

Take a Guess Who is Paying Fannie & Freddie’s Legal Fees

Filed in Banking , Financial Crisis , Public Awareness 0 comments

Only in America! Not only did taxpayers bail out Fannie and Freddie and overpay (still overpaying) the executives, but we’re also paying their legal bills.

Kinda like paying the Captain of the Titantic an overly generous salary for ramming the iceberg, rescuing him from certain death, then paying his legal bills after the families of the dead filed criminal & civil charges against him.

Source & Credit
Gretchen Morgenson
New York Times
Mortgage Giants Leave Legal Bills to the Taxpayers

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Posted by Corey   @   24 January 2011 0 comments
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