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.


