Thursday, April 2, 2009

Do as I Say, Not as I Do

Apparently, Congressmen are in favor of bonuses after all - for their own staffers.

Personally, I think paying staffers bonuses is a good thing, as a reward for hard and good work.

But has Congress done a good job?

Its policies help create the financial crisis through laws that promoted subprime borrowing to increase home ownership, and Congress opposed efforts to limit Fannie Mae and Freddie Mac's size - which opposition added tens of billions of dollars of losses to taxpayers.

So if these Congressmen don't think Wall Streeters should get bonuses, why should Congressional staffers?

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