Open Corruption Rampant
A new report put out by the Program on Corporate Governance at Harvard Law School attacks the "perverse incentives" at Fannie Mae. The Washington Post reports, "The study, distributed yesterday by the Program on Corporate Governance at Harvard Law School, also took Fannie Mae's past pay practices to task for rewarding "failed" executives."
It says volumes about ethics in corporations and the government that men could commit fraud in the billions and still receive golden parachutes. Where are the prosecutors?