WHO'S "OUT OF TOUCH"?

It's certainly not Obama. He's spoken out against how the Masters of the Universe get to walk away with millions despite being failures:

Obama warns on Fannie, Freddie golden parachutes
Tue Sep 9, 2008 6:08pm EDT

WASHINGTON (Reuters) - Democratic presidential candidate Barack Obama warned U.S. regulators on Tuesday it would be "a gross violation of the public trust" if they did not use their power to block excessive severance payments to executives leaving Fannie Mae or Freddie Mac.

In a letter to Treasury Secretary Henry Paulson, Illinois Sen. Obama cited news reports that the CEOs of Fannie and Freddie could get millions of dollars in severance pay. He said "under no circumstances" should such payments be allowed.

"I urge you immediately to clarify that the agreement with Fannie Mae and Freddie Mac voids any such inappropriate windfall payments," said the letter obtained by Reuters.

Obama said that when Congress gave regulators the power to step in and rescue the companies, it also granted the power to block any severance payments to CEOs.

"It would be a gross violation of the public trust to fail to use this authority now," Obama wrote in the letter.

MarketWatch reports that its readers are also upset that the MOTU will once again walk away filthy rich:

Community building ire
MarketWatch readers kindle own outrage over Fannie, Freddie takeover
By Jennifer Waters, MarketWatch
Last update: 7:15 p.m. EDT Sept. 9, 2008

CHICAGO (MarketWatch) -- Wall Street may have initially reacted favorably to the stunning government takeover of mortgage giants Fannie Mae and Freddie Mac but MarketWatch readers overwhelmingly railed against the action, with many wondering why there has been so little protest over the decision to commit billions in taxpayer dollars to the two institutions.

WalterK01 noted that "people normally go to jail when they steal billions of dollars," according to the post. "Someone is sitting on a nice yacht right now."
Schwabbie corrected Walter. "People go to jail for stealing hundreds of dollars. When you steal billions you get a nice severance package and a slap on the wrist."

It was the possibility of rich severance packages for the ousted chief executives of Fannie and Freddie that particularly peeved many people. According to compensation consultants, Richard Syron, who was ousted from Freddie Mac, could get an exit package reaching $15 million while Fannie Mae's deposed CEO, Daniel Mudd, stands to leave with $14 million. Read more.

"Bailout is one thing but allowing the former heads of Fannie and Freddie to walk away with multi-million-dollar separation packages is insane," wrote MikesMissives. "Where else but in America can one be rewarded for poor performance to this scale?