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    The People's Sub-Zero Fridge

    Posted Thursday, March 19, 2009 11:53 AM | By Kerry Howley
    Congress spent yesterday grilling a guy who wasn't working for AIG when the infamous bonuses were drafted. Meanwhile, Fannie Mae—an organization that has requested $15 billion in bailout cash—plans to reward some of its top executives with AIG-like bonuses. (Thomas Lund, the guy in charge of Fannie's mortgage business, is slated for precisely $1 million.) Similar bonuses, yet to be revealed, may be in line for Freddie Mac. Add to all that bonus money a $10 million executive suite in the works for Citigroup (lucky recipient of $45 billion in bailout funds—you're welcome!).

    The politicization of, say, Citigroup's decision to buy a Sub-Zero refrigerator does not bode particularly well for anyone who wants a quick return to boring, predictable market outcomes. But when you accept heaps of the public's money, you agree to run your company in constant fear of what is derisively referred to as "populist outrage."
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