This dude should go to jail

Why? he didn't break any laws.
You have to keep in mind, those imfamous severence packages are negotiated and contractual long before there's any sign of trouble, and typically before the executive in question even begins employment.

(flame suite on)
 
Generally you are correct, but knowing the ship was sinking- the CEO got the 'Board' to approve more bonuses...

"The firm, in the days before it filed for bankruptcy, sought board approval to pay three departing executives more than $20 million, according to Waxman."

Still not illegal, but obviously greed has no conscience...

Knowing this- Mr Paulson tried to keep CEO salary, bonus and golden parachute caps out of the $700 Billion bailout. Also- do you know who Obama's economics advisor is? None other than the former Fannie Mae CEO... They are all crooks...
 
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