We had a rainy day here in Northern Illinois! I can’t believe that it is September already! This week is just flying by and I just can’t wait until our Friday Free For All so here are this week’s Wednesday’s Shorts. I will take a quick look at some of the hot issues of this week and even some of the issues that fly under the radar. I hope you like them.
My first Short concerns a story that really opened my eyes when I read it. I guess it shouldn’t surprise anyone, but according to this Think Progress article, the CEO’s of the 50 companies that laid off the most employees collected millions of dollars in compensation. http://thinkprogress.org/2010/09/01/ceo-compensation-workers/?wpmp_switcher=desktop “Indeed, the report found that “CEOs of the 50 firms that have laid off the most workers since the onset of the economic crisis took home nearly $12 million on average in 2009.” Those CEOs’ combined compensation totaled $598 million, while at the same time, their companies eliminated 531,363 jobs despite reporting a 44 percent average profit increase for 2009.” These facts just astound me. How can these crooks sleep at night?
You gotta love the Tea Party and the Teapublicans! Our next Short concerns a Teapublican candidate for the U.S. Senate in Ohio who was just indicted for an alleged inappropriate “relationship” with a teenager. http://www.whiotv.com/news/24829497/detail.html?cxntlid=cmg_cntnt_rss. “Eric Deaton was indicted on one count of unlawful sexual conduct with a minor. He is accused of having an inappropriate relationship with a 15-year-old girl between March 2006 and March 2007. ” http://crooksandliars.com/jamie/constitution-party-candidate-indicted-sex-ch Who would have thought that a true patriotic Teapublican could also be a child sex offender?
My final Short of the evening is one that really fries my backside. It seems that Fannie Mae is planning on using Government bailout money to sue underwater homeowners who default on their mortgages in an attempt by Fannie to collect deficiency judgements. http://seminal.firedoglake.com/diary/68564 Fire Dog Lake has a great article that reprints Congressmen John Conyer’s letter to Treasury Secretary Geithner asking the Secretary to stop this planned abuse of the very same people that the Obama Administration is trying to help stay in those homes. Here are the Congressman’s words: ” At a time of record deficits and a nation crying for the government to get its finances in order, it is also unclear why Fannie Mae is proposing to use taxpayer dollars to pursue legal judgments against individuals who will lose or have lost their homes, have wrecked their credit rating, and likely have little or no remaining monetary assets. Treasury has already invested $86 billion into Fannie Mae and considering Fannie Mae’s dependence on federal dollars to exist and operate, we think pursuing expensive litigation against a vulnerable population when there appears to be little to no economic incentive is questionable at best.” I don’t know why this story hasn’t been given more coverage. Damn that liberal media!
Those are our Wednesday’s Shorts. Take a look at them and at the sites where I found the stories and let us know what you think! We’ll be waiting for you! Let’s hear from you! Don’t be shy! See you on Friday!




