Monday, September 8, 2008

U.S. Seizes Mortgage Giants - WSJ.com

And from this side of the Atlantic, estimates that the Fannie/Freddie bailout could cost Us about $5 trillion.

Yes, that's trillion, as in "thousand billion". Five of those. And the two guys who fucked this up so royally, Daniel Mudd and Richard Syron, are walking away with about $29 million in severance pay, pension and deferred compensation.

Yes, million, as in "thousand thousand." Twenty-fucking-nine of those.

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