THE DAILY OUTRAGE: Bailing out bad management
By: Daily Outrage
Examiner Editorial Feature
September 15, 2009 WHO: Fannie Mae
WHAT: Ever since the federal government took this failed quasigovernmental enterprise into conservatorship last year, taxpayers are now on the hook for legal fees to defend the shady actions of three former top executives.
WHY IT'S AN OUTRAGE: In the first 10 months since the government takeover, taxpayers have been billed more than $6 million defending Franklin Raines and two others allegedly involved in Fannie's $6.3 billion accounting discrepancy.
WHERE TO VENT: Fannie Mae inspector general, 202-408-2544
see org at...
http://www.washingtonexaminer.com/opinion/columns/daily-outrage/Bailing-out-bad-management-8242786.html
Tuesday, September 15, 2009
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