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View Diary: Fred Thompson pitches government-backed reverse mortgages (89 comments)

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  •  Thompson bashes capitalism? (1+ / 0-)
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    JeffW

    Fannie and Freddie went along because their managers’ compensation depended on the firms’ short term financial performance.

    That's the private sector problem, not the gov't part.

    But I agree with him, tying pay and bonuses to short term performance is a bad idea anywhere.

    Am I cynical? Yes I am! - Bob the Builder's lesser known brother Pete the Politician

    by Ezekial 23 20 on Mon Jul 05, 2010 at 05:18:50 PM PDT

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