I guess that's all pretty cool....if you're a fan of those sorts of things. At the risk of betraying my Texas roots, I must admit I'm not. I was never into Roy and Dale and Gene and all that "yee-haw" stuff.
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Some of the things....no, MOST of the things our government does baffles me. I read today that so far Fannie Mae and Freddie Mac, now wholly owned by the taxpayers after they went bust back in the Meltdown of '08, have spent nearly $100M defending the actions of several of their former executives against accusations of hokus pokus bookkeeping and securities fraud. And who's making those accusations? Our government. We're essentially suing ourselves.
While such "agreements to defend" are common in corporate America, the inspector general of the agency defending the former Fannie/Freddie executives says those agreements went out the window back in '08 when the government took them over, but because we're such nice guys suckers, we're defending them anyway. And it isn't like these guys are indigent. Hardly! (Former CEO Franklin Raines was paid over $90M.) Let 'em defend themselves! I sometimes think our government just goes out looking for piles to step in. *shaking head*
S
