http://www.huffingtonpost.com/2009/03/16/barney-frank-on-aig-maybe_n_175207.html
Barney Frank On AIG: "Maybe It's Time To Fire Some People"
"Rep. Barney Frank charged Monday that a decision by financially strapped insurance giant AIG to pay millions in executive bonuses amounts to "rewarding incompetence."
"
We all remember how the esteemed Barney Frank kicked up such a fuss over the AIG exec retention bonuses.
So, how did he feel about this:
http://hotair.com/archives/2009/03/18/hey-guess-who-else-has-an-executive-retention-bonus-plan/
Hey, guess who else has an executive retention bonus plan?
March 18, 2009
"While everyone assails AIG for using less than 0.1% of the taxpayer-bailout money it received to meet contractual obligations in compensation through retention bonuses, another recipient of government largesse has its own bonus program in operation. According to their annual report, Freddie Mac has a generous retention bonus plan built into its operation for the next year. Eligibility includes all of the senior and executive VPs. It comes in four payouts, and only the last has any connection to company performance."
http://www.usatoday.com/money/economy/housing/2009-03-18-fannie-mae-bonuses_N.htm
Freddie, Fannie to also give executive bonuses
3/19/2009
"Even as American International Group is under intense fire for the $165 million it paid in bonuses, Fannie Mae (FNM) and Freddie Mac (FRE) have revealed they also are giving top executives retention bonuses."
Barney Frank had a decidedly different tone when he made his comments about these bounuses, which seem to be identical to the AIG bonuses:
http://www.cnsnews.com/node/59848#
Barney Frank Says Multi-Million Dollar Bonuses for Government-Owned Freddie, Fannie ‘Too High’--But Nothing Can Be Done About It
"The Obama administration recently approved base salaries of $900,000, plus $3.1 million in deferred payments, and another $2 million in bonuses for the CEOs of the failed mortgage giants Fannie Mae and Freddie Mac. When asked if tax dollars should pay those bonuses or if they should be cancelled, the chairman of the House Financial Services Committee, Rep. Barney Frank (D-Mass.), told CNSNews.com that the bonuses were “too high” but “nothing can be done now.”
"The $6-million compensation packages were approved by the Treasury Department and the Federal Housing Finance Agency, and made public on Dec. 24, 2009, Christmas Eve. "
See if you can pick out the Barnster's comments in this little gem:
http://www.youtube.com/watch?v=_MGT_cSi7Rs
Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis
Was Barney Frank ever disciplined for his blatant hypocrisy on this issue?
Barney Frank On AIG: "Maybe It's Time To Fire Some People"
"Rep. Barney Frank charged Monday that a decision by financially strapped insurance giant AIG to pay millions in executive bonuses amounts to "rewarding incompetence."
"
We all remember how the esteemed Barney Frank kicked up such a fuss over the AIG exec retention bonuses.
So, how did he feel about this:
http://hotair.com/archives/2009/03/18/hey-guess-who-else-has-an-executive-retention-bonus-plan/
Hey, guess who else has an executive retention bonus plan?
March 18, 2009
"While everyone assails AIG for using less than 0.1% of the taxpayer-bailout money it received to meet contractual obligations in compensation through retention bonuses, another recipient of government largesse has its own bonus program in operation. According to their annual report, Freddie Mac has a generous retention bonus plan built into its operation for the next year. Eligibility includes all of the senior and executive VPs. It comes in four payouts, and only the last has any connection to company performance."
http://www.usatoday.com/money/economy/housing/2009-03-18-fannie-mae-bonuses_N.htm
Freddie, Fannie to also give executive bonuses
3/19/2009
"Even as American International Group is under intense fire for the $165 million it paid in bonuses, Fannie Mae (FNM) and Freddie Mac (FRE) have revealed they also are giving top executives retention bonuses."
Barney Frank had a decidedly different tone when he made his comments about these bounuses, which seem to be identical to the AIG bonuses:
http://www.cnsnews.com/node/59848#
Barney Frank Says Multi-Million Dollar Bonuses for Government-Owned Freddie, Fannie ‘Too High’--But Nothing Can Be Done About It
"The Obama administration recently approved base salaries of $900,000, plus $3.1 million in deferred payments, and another $2 million in bonuses for the CEOs of the failed mortgage giants Fannie Mae and Freddie Mac. When asked if tax dollars should pay those bonuses or if they should be cancelled, the chairman of the House Financial Services Committee, Rep. Barney Frank (D-Mass.), told CNSNews.com that the bonuses were “too high” but “nothing can be done now.”
"The $6-million compensation packages were approved by the Treasury Department and the Federal Housing Finance Agency, and made public on Dec. 24, 2009, Christmas Eve. "
See if you can pick out the Barnster's comments in this little gem:
http://www.youtube.com/watch?v=_MGT_cSi7Rs
Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis
Was Barney Frank ever disciplined for his blatant hypocrisy on this issue?