Who's greener than bankers?
Freddie Mac executive Anthony Renzi, who ran GMAC Mortgage into the ground before hiding out with his federal friends for two years has now left Freddie for a new job with his private sector banking pals. With a proven track record of failure, why shouldn’t he be rewarded?
Before joining Freddie, Mr. Renzi served as the operating chief of GMAC Residential Capital, a unit of Ally Financial Inc. He was initially hired by Freddie to oversee the company’s mortgage-servicing operations.
Mr. Haldeman said in an interview that Mr. Renzi’s departure shows that Freddie Mac employees remain “sought after” in the broader housing-finance industry. “I very much appreciate the contribution he’s made, and I’m delighted for him,” he said.
http://www.csmonitor.com/World/Europe/2012/0430/Greek-island-of-the-blind-More-like-island-of-welfare-cheats
60 Minutes did a piece years ago about the same disability scam in Italy. They visited one little village for the story where a third of the adults were receiving payments for assorted disabilities, including the legally blind village bus driver.