Brouhaha Over GSE Bonuses Gains Steam

A disclosure from Federal Housing Financy Agency director James Lockhart over bonuses set to be paid at twin mortgage finance giants Fannie Mae and Freddie Mac may be set to become the next center of investor ire over a widening government bailout, with the Wall Street Journal reporting Friday morning that the GSEs will pay $210 million in retention bonuses to employees.

Because, like the investment bankers, all those government mortgage propellerheads are going to run out and compete for jobs at Burger King if they don't get their bonuses. Tell me another one. This is more looting from the privileged class.