Hmm: Fannie And Freddie Have “Bonus” Plans Of Their Own
FOX:
Fannie Mae to Pay Bonuses of up to $611,000 for Four Execs
Government-controlled mortgage finance titan discloses plan for bonuses of $470,000 to $611,000 for four top executives, on top of their base salaries, as sibling company Freddie Mac plans similar awards.
WASHINGTON — Fannie Mae is planning to pay retention bonuses of as much as $611,000 each to several top executives of the government-controlled mortgage finance titan. Sibling company Freddie Mac is planning similar awards.
Fannie Mae disclosed in a recent filing with the Securities and Exchange Commission that it’s planning bonuses of $470,000 to $611,000 for four top executives, on top of their base salaries this year.
Freddie Mac has a similar retention plan in place, but has yet to disclose how much money top executives are in line to receive.
Both companies were seized by federal regulators last fall. Fannie has requested $15.2 billion in government aid, while Freddie has asked for nearly $31 billion in additional aid on top of the $13.8 billion it received last year.
(AP)
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On never mind Fannie and Freddie, Democrat fag Barney Frank approved THOSE bonuses. Remember, ONLY get outraged when private companies have bonuses, anything else is un-American.
These “F”s have long been the Democrats private “golden parachutes” for the reward of long term and powerful but otherwise unsuccessful party operatives and those with special personal connections to big Ds. Franklin Raines and the Banking Queen’s BFs being prime examples of each.
Saw this on Fox News but it won’t be seen anywhere else. Maybe it is time to start targeting the MSM with our outrage at their complicity in this sham.
Barney “the mumbler” Frank will only show indignation if it starts to bite him in the ass, which in his case, he would probably enjoy….
Government interferes in the market and then these fucktards get all righteous about bonuses….Sorry boys…Ya dance with the devil and the bill comes due…
I would like to see the president return the $100,000 plus he got from AIG in campaign contributions. Not to mention the thousands he got from Freddie and Frannie.
The hypocricy and lying continues to baffle me. When will The People get pissed.
Let’s go retroactive and get back the $90 Million+ paid to Franklin Delano Raines (yeah that’s really his name) for authoring sub-prime mortgages and running Fannie Mae into the ground.
The ball is once again on the tee for the repukelicons. 10 - 1 they swing and miss.