Punishment for Thee, But Not For Me

on Thursday, March 26, 2009

When AIG received the full blunt of the Obama administration last week, many in Barry's own cabinet demanded that the execs return the money. The outcry has since reached the point of calling for a return on any "bonus" received by any bailed-out company.

Ah, but how about now Rahm?

Before its portfolio of bad loans helped trigger the current housing crisis, mortgage giant Freddie Mac was the focus of a major accounting scandal that led to a management shake-up, huge fines and scalding condemnation of passive directors by a top federal regulator.

One of those allegedly asleep-at-the-switch board members was Chicago's Rahm Emanuel—now chief of staff to President Barack Obama—who made at least $320,000 for a 14-month stint at Freddie Mac that required little effort.
I wouldn't expect ol' Rahmy to return the money any time soon.

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