Fannie Mae to Pay Bonuses

[RockX]

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.

AP

Wednesday, March 18, 2009

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.





Yes lets keep paying bonuses to keep these idiots around.

 

[NOVA]

I wonder if they will CONTINUE to donate big bucks to Barney Frank and Chris Dodd....
assuming there is any money left over....

 

[Topspin]

Webtool and bravolamo did either of you bitch on here when bush gave 350 billion with no strings to the banks.

 

[Damocles]

I believe these are contractual and required by law. It's silly to get bound up in the small crap like this so that nobody notices $1 Trillion quietly slipped in during the idiotic "bonus" hubbub.

 

[RockX]

Webtool and bravolamo did either of you bitch on here when bush gave 350 billion with no strings to the banks.

LOL


As I remember every cocksucking democrat voted yes for it including that boy of yours. He was on speed dial with Bush pushing for it. Plus your boy knew about the bonuses and now wants to act surprised.

 

[Minister of Truth]

Webtool and bravolamo did either of you bitch on here when bush gave 350 billion with no strings to the banks.

I did, but then I'm not webtool or bravolamo. Of course, I was labeled as being "do nothing" in the face of bailouts and stimuli, which was intended to be meant as a "bad" thing... As DQ would say, oh well...