Fannie and Freddie plan bonuses

[bigfootedfred]

Fannie Mae disclosed its "broad-based" retention program in a recent regulatory filing with the Securities and Exchange Commission. The company was only required to disclose the amounts for the top-paid executives, who will pocket at least $470,000 on top of their base salaries.
The bonuses are more than double last year's, which ranged from $200,000 to $260,000. Another round of bonuses ranging from $330,000 to $429,000 are planned for next February.


...


Michael Williams, Washington-based Fannie Mae's executive vice president and chief operating officer, is due to receive a $611,000 retention award this year on top of his $676,000 base salary.
Williams received a $260,000 retention bonus last year and is in line for another $429,000 next February, for an expected total of $1.3 million, according to the SEC filing.


...


Michael Williams, Washington-based Fannie Mae's executive vice president and chief operating officer, is due to receive a $611,000 retention award this year on top of his $676,000 base salary.
Williams received a $260,000 retention bonus last year and is in line for another $429,000 next February, for an expected total of $1.3 million, according to the SEC filing.


..


Rival mortgage finance company Freddie Mac is planning similar awards, but has not yet reported on which executives will benefit.

http://finance.yahoo.com/news/Fannie...-14679491.html


anyone else getting a strange pain in their backside?
hmm.




edit:

remeber AIG?

from that thread...

In a stunning development, Sen. Christopher Dodd said that Obama administration officials
asked him to add language to last month's federal stimulus bill to make sure the controversial AIG bonuses remained in place

...

Both Congress and President Obama have expressed surprise over the bonuses

[The Devil's Sergeant]

Expect less democrat outrage, these are their peeps. Expect republicans to hit the roof.

[Shaun]

Expect republicans to hit the roof.

They're both as bad as each other.

[Zephyrus]

3rd party! *woot* 3rd party! *woot*3rd party*woot*!

Dudes, I favorited that Obama pic. I'm going to enlarge it and start posting it all over the walls at my college.

[Martin N]

Jesus christ, there robbing us, these dirty bastards, if people was as educated as we was a hundred years ago this **** wouldent be happening, just a coincidence plans to place troops on our street, a new assault weapon ban, and practically looting of our treasury ? does our government know something we dont ? , i personally hoping for a new revolution, our government is in the hands of madmen now.

[Nevins]

Jesus christ, there robbing us, these dirty bastards, if people was as educated as we was a hundred years ago this **** wouldent be happening, just a coincidence plans to place troops on our street, a new assault weapon ban, and practically looting of our treasury ? does our government know something we dont ? , i personally hoping for a new revolution, our government is in the hands of madmen now.

Chill. Out. The sky is not falling.

That having been said, I can't help but shake my head at the insanity that is going on in DC. So many congressman are falling over themselves to be seen as saving the economy that we get hurried, rushed bills which skip over vital sections, such as what we are seeing now, in favor of getting them out NOW. Fortunately where I live we voted 90% for Obama, so I'm sure that I will be branded as a racist and other such things for bringing up what crap is going on in His Holiness's presidency.

[Zephyrus]

Jesus christ, there robbing us, these dirty bastards, if people was as educated as we was a hundred years ago this **** wouldent be happening, just a coincidence plans to place troops on our street, a new assault weapon ban, and practically looting of our treasury ? does our government know something we dont ? , i personally hoping for a new revolution, our government is in the hands of madmen now.

Revolutions usually start from small, cohesive, organized and entirely self-sufficient cells of people.

The word "terrorism" comes to mind here, however...

[Strattios]

Haha

The hilarious hypocrisy. Yet deep down you know, the Democrats really don't give a about anything but there own agenda and are willing to risk peoples lives for it.

And remember, AIG CEO Edward Liddy volunteered to work for $1! Yet Fatty Frank chews him out and threatens to subpoena the company to get the names. For anyone who doesn't know what that is, it's where the government basically looks at everything you have ever done, then makes up a bunch of lies. I know, it happened to my family for no reason other than they wanted to get us to confess to a wrong we never did. Needless to say they judge literally laughed at the AG (Attorney General) and said they had no grounds for doing any of that and he ended the case. Way to go judge!

[Martin N]

No but the economy is!

Yeh everyone in my area was fooled by obamas promise of change too, It will only get worse too brother, when the economy hits rock bottom congress and pretty much everyone else will try to lay the finger elsewhere.