- Sep 19, 2011
- 28,471
- 10,047
- 900
Why don't the demonRats scream about the bonus money the CEO's of Fannie and Freddie got paid this year?
crickets.. from the asshats.
Case in point.. Franklin Raines
Raines was in charge in 2001, when Fannie chose to create what the SEC dryly called "its own unique methodology" to calculate the earnings impact of its trillion-dollar portfolio of derivatives.
Raines' total compensation from 1998 through 2004 was $91.1 million, including some $52.6 million in bonuses, according to OFHEO. Howard earned $30.8 million during the period, including $16.8 million in bonuses; Spencer received $7.3 million, of which some $3.5 million was bonus money.