These two GSE’s lost 0 billion in 2009.
Why does the tax payer have to fork over multi-million dollar **bonuses** on top of that??
http://www.fitsnews.com/2009/12/24/big-bonuses-for-fannie-freddie-ceos/
The CEO’s of government-owned mortgage giants Fannie Mae and Freddie Mac could receive executive compensation packages totaling as much as million, according to documents filed with financial regulators Thursday.
Another ten employees at the two government agencies are in line for bonuses totaling million.
Together, Fannie and Freddie have availed themselves of over 0 billion in federal bailout cash since they were seized by the government fifteen months ago.
http://www.reuters.com/article/idUSWBT01345620091224
http://www.reuters.com/article/idUSTRE5BN2ZI20091224
WASHINGTON (Reuters) – The Obama administration pledged on Thursday to back beleaguered mortgage finance giants Fannie Mae and Freddie Mac no matter how big their losses may be in the next three years.
America’s Sweetheart…."Because they are not Government owned."
Then how would you describe a relationship in which the GOVT eats ALL the losses?
Fannie Mae’s former CEO and now Obama adviser, Franklin Raines made over 0 Million cooking the books of this Government oversight corporation while spending lavishly on democrat politicians as a lobbyist to get the democrat congress to change the rules that helped him make exorbitant wind-fall profits for himself.
It’s well known that the fall of Freddie and Fannie were the start of Wall Streets collapse.
How responsible was Obama’s adviser Franklin Raines, and should Obama fire him, or wait until he’s arrested?
… ones that work for Fannie Mae? Shouldn’t the CEO and board have been fired before we bailed them out?
Is it because Countrywide’s CEO Angelo R. Mozilo and Fannie Mae’s CEO Franklin Raines are BIG TIME LIBERALS?
Even though those two men have single handedly brought the US Economy to its knees…
What, liberals can do no wrong?
Obama puts Raines on his payroll and accepts a 0% mortgage from Mozilo?
What is the definition of a BRIBE anyway?
Does anyone care?
Obama was way behind in the polls and then Fannie Mae made its announcement of its failure.
Did Obama’ VP Selection Chair Committee person being the same CEO of the failed Fannie Mae JIm Johnson have anything to do with its timing?