ohoh! Christmas might be permanent this year, if they manager to create a nuclear winter. Anyway, I don't know if you should laugh or cry. What has happened to the US??


BTW, you should watch the MSNBC interview of Henry Paulson. The guy manages to speak for 15minutes without giving a single full sentence, a single opinion, and without making any sense at all. I hope they will publish the transcript, I will print it and frame it.



$300 billion, minimum expenditure in Fannie, and he tries to explain that Mr Tax Payer will not lose a single dollar in the deal.



this one is made me laugh until I had tears in my eyes:



Under the terms of his employment contract, Daniel H. Mudd, the departing head of Fannie Mae, stands to collect $9.3 million in severance pay, retirement benefits and deferred compensation, provided his dismissal is deemed to be “without cause,” according to an analysis by the consulting firm James F. Reda & Associates. Mr. Mudd has already taken home $12.4 million in cash compensation and stock option gains since becoming chief executive in 2004, according to an analysis by Equilar, an executive pay research firm. Richard F. Syron, the departing chief executive of Freddie Mac, could receive an exit package of at least $14.1 million, largely because of a clause added to his employment contract in mid-July as his company’s troubles deepened. He has taken home $17.1 million in pay and stock option gains since becoming chief executive in 2003. - NY Times



http://www.nytimes.com/2008/09/08/business/08scorecard.html





instead of being sent to jail for fraud and having all his assets confiscated, he is offered about $10 000 000

how about the Bush administration? They did manage to slip this one in:


Bush Suspends Proposed Commercial Nuclear Accord With Russia - Bloomberg



Nice one, eh? You have to respect their craftiness.

Which bad news? For the past 6 months, I have only heard good news!!