Top of the morning

Economist Dean Baker has some good advice for President Obama and other federal officials who are rightfully upset about the huge bonuses given to executives at Wall Street companies that have received federal bailout money.

Baker wonders why members of the the newly reconstituted board of Fannie Mae will be paid $160,000 for their board service and the new chair will receive $290,000.

Seems like a question worth asking. Makes you wonder if there is an $87,000 rug on the way.