After the uproar at AIG for retention bonus payment , special tax laws were passed in Congress to punish those who were to receive them.
Now that the people at Fanny and Freddi are to receive bonuses , and they are government back and got larger bailout than AIG ..
Should the people of those two agency’s be required to return them or be under the same tax penalty.?
Should the citizens and members of congress voice their displeasure with these bonuses also as loud and as long as they were for AIG ?
Fannie Mae, Freddie Mac, AIG, Lehman Bros, Bear Stearns… clearly this mess was caused by lax oversight based upon the policies of a republican president and repub congress early in this decade.
Now we’re supposed to trust McCain with healthcare???
How come we only here about AIG and not Fannie Mae and Freddie Mac
do you think aig and fannie mae is gonna go up tomorrow?
I’m trying to understand what Fannie May and Freddie Mac are and what Obama/McCain are talking about when it comes to the money that was given to AIG. How does this affect regular citizens?
I’d like to know what the differences are between the government takeover of Fannie Mae and Freddie Mac are with the government bailout of AIG.
I’m asking because I was considering buying some cheap AIG stock (as a complete novice trader, this will be one of my first buys if I make it) and I’ve been reading up on what the likely future is … some voices think it will plunge and stay like Fannie Mae and Freddie, but others seem to think it will experience at least some recoup.
Opinions?
"Fannie Mae and Freddie Mac, the troubled mortgage giants that were recently taken over by the government, are expected to continue donating to charity, the Federal Housing Finance Agency has assured nonprofit groups in the Washington metropolitan area."
http://philanthropy.com/news/government/index.php?id=5984
Well, it’s better than AIG’s 0,000 spa vacations, I guess.
Congress was enraged by the AIG bonus plan but seems content to reward Fannie Mae and Freddie Mac employees for engineering the massive losses there. Naturally the media is ignoring it and only by reading foreign papers can you read about it.
So far, the only real failures in the economy are:
–banks (and toxic housing loans)
–Fannie Mae, Freddie Mac, Ginnie Mae (home loan owners)
–AIG (insurer of real estate derivitives)
Have you liberals figured out why the bail out bill is being used to pay off democrat political pacs and interest groups?
After so much outrage over the money given to AIG people there seems to be no comment on the 210 million going to Barney Frank’s buddies at failed Freddie Mac and Fannie Mae. They do not deserve a dime.