Let's look at an obvious case in point. Clinton's former budget director went to Fannie and made $90 MILLION there in a few years. Federal pay scales being that they are, HOW COULD THAT BE?
So he must have been a consultant. Now what could he have possibly consulted about that was worth $90 million? Maybe on how best to go bankrupt, as it turns out.
Or perhaps his job was to know which members of Congress they needed to pay off to keep lawmakers from asking too many embarrassing questions about their business pratices and prospective future solvency.
If that was the case, he was worth every penny they paid him. Unfortunately, in the end it cost us taxpayers $200 BILLION to bail out this particular house of cards.
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Let's look at an obvious case in point. Clinton's former budget director went to Fannie and made $90 MILLION there in a few years. Federal pay scales being that they are, HOW COULD THAT BE?
Sep 26 11:15 am
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All Comments by Paul Killinger »A Credit Default Swap Primer [View article]
So he must have been a consultant. Now what could he have possibly consulted about that was worth $90 million? Maybe on how best to go bankrupt, as it turns out.
Or perhaps his job was to know which members of Congress they needed to pay off to keep lawmakers from asking too many embarrassing questions about their business pratices and prospective future solvency.
If that was the case, he was worth every penny they paid him. Unfortunately, in the end it cost us taxpayers $200 BILLION to bail out this particular house of cards.