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View Full Version : U.S. Issues Freddie, Fannie, Barney, and the dems buds


HonestChieffan
04-01-2011, 06:39 PM
Rotten to the core.

http://www.newsmax.com/Headline/freddie-mac-fannie-mae/2011/04/01/id/391471

(Newsmax) — Top executives at Fannie Mae and Freddie Mac were paid more than $35 million in the past two years while the two bailed-out mortgage finance giants were receiving $153 billion in support from taxpayers.

The huge payouts came to light in a new report published on Thursday by the Federal Housing Finance Agency’s Office of Inspector General.

“Although the Enterprises [Fannie Mae and Freddie Mac] have lost billions of dollars and continue to depend upon federal support to remain in business,” the reported states, “their senior executives continue to receive multi-million dollar salaries.”

At Fannie Mae [Federal National Mortgage Association], its chief executive officer received $9.3 million in total compensation in 2009 and 2010, the report reveals. The CEO is Michael J. Williams, who joined the company in 1991.

At Freddie Mac [Federal Home Loan Mortgage Association], CEO Charles E. Haldeman Jr., former head of Putnam Investments, made $7.8 million in the two years since the company was taken over by the federal government.

Fannie Mae’s chief financial officer made $4.6 million, and its chief accounting officer/general counsel received $4.5 million.

At Freddie Mac, the CFO made $3.9 million, and the general counsel/secretary received $5.1 million.

In all, the top six executives made $35.4 million. Meanwhile, total losses at the two companies could reach $363 billion through 2013, according to government estimates.

trndobrd
04-01-2011, 07:15 PM
That can't be right....


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FD
04-02-2011, 12:45 PM
You know Obama proposed shutting down Fannie and Freddie, right? And the House Republicans rejected the idea THIS WEEK.

Chief Henry
04-02-2011, 01:20 PM
You know Obama proposed shutting down Fannie and Freddie, right?

Do you believe a word that comes out of Obamas mouth ? Are you serious ?

LOCOChief
04-04-2011, 09:25 AM
You know Obama proposed shutting down Fannie and Freddie, right? And the House Republicans rejected the idea THIS WEEK.

that's not true.

FD
04-04-2011, 09:49 AM
that's not true.

Yes it is:

"Obama Administration Proposes Fannie Mae, Freddie Mac Phaseout"
http://online.wsj.com/article/SB10001424052748703786804576137942242796306.html?mod=WSJ_WSJ_US_News_5


"Blinking on Fan and Fred: Republicans Miss a Chance to Put the toxic twins out of business."
http://online.wsj.com/article/SB10001424052748704559904576231012132521614.html?

CoMoChief
04-04-2011, 05:10 PM
You know Obama proposed shutting down Fannie and Freddie, right? And the House Republicans rejected the idea THIS WEEK.

LOL you're a fool if you really think that's ever going to happen. BO is 100000% Wall Street backer.

Brock
04-04-2011, 05:19 PM
that's not true.

LOL

banyon
04-04-2011, 08:18 PM
Freddie had just as many Republicans as Dems. The contributions, per your whiny thread were like 45/55%.

lostcause
04-04-2011, 08:53 PM
this is the president's fault that these execs are making these $$? If bush had still been prez, would they have made less?

notorious
04-04-2011, 09:57 PM
If a business fails, it fails. No matter how small or large a business is, another will move in and takes it's place with GROWTH.


Keeping shitty businesses on life support via the government is a stupid economic philosophy.