The Michigan Model

IDB reports:

Don't forget Fannie Mae and Freddie Mac. They had to be bailed out at a cost of $200 billion last year. Now we see that 2,600 key employees will get $210 million in bonuses over the next 18 months.

For what? Don't they deserve just as much public scorn as the AIG execs who took $170 million — and who, with their families, now live with death threats and ongoing crude, personal attacks?

Curious how the double standard works. If you're in the private sector, expect severe punishment. But if you're an incompetent government enterprise or a union that gives millions to Democrats, your sins are forgiven — or worse, never recognized.