Trust Us: There’s Nothing Worng!
Instapundit had this YouTube video. Since I’ve posted other stuff on the topic, I thought I would post this one, too:
[youtube https://www.youtube.com/watch?v=_MGT_cSi7Rs&hl=en&fs=1&w=425&h=344]
My favorite quote from the video by Don Manzullo, (R-IL):
Mr. Raines: $1.1 million bonus on a $526,000 salary. Jamie Gorelick: $779,000 bonus on a salary of $567,000. This is… What you state on page 11 is nothing less than staggering. “The 1998 earnings per share value turned out to be three dollars and twenty-three cents and nine mills ($3.239) – a result that Fannie Mae met the max, the EPS maximum payout goal right down to the penny.
“Fannie Mae understood the rules and simply chose not to follow them, if Fannie Mae had followed the, the practices, there wouldn’t have been a bonus that year.”
(6:20-7:08 in the video.)
Watch the whole thing.
(I love C-SPAN. AND YouTube!)