I *Knew* I Was Wrong Business….

http://www.economist.com/finance/displaystory.cfm?story_id=11751146

The Economist reminds of this little morsel:  between 1998 and 2003, the top five execs of Fannie Mae earned (or at least received) $199 million in compensation.  This, for running a B- balance sheet (65:1 leverage) with a AAA credit rating, provided gratis by your grandkids.

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