- Jun 19, 2009
- 42,422
- 16,807
- 2,290
Sure.. it's old news but .. heck, it still bugs me...
Just how corrupt is this Obama...and does anyone care..?
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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 Agencys 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 report 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 Maes chief financial officer made $4.6 million, and its chief accounting officer/general counsel received $4.5 million.
Outrage: Freddie and Fannie Execs Pocketed $35 Million In Taxpayer Money
Just how corrupt is this Obama...and does anyone care..?
----------------------
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 Agencys 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 report 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 Maes chief financial officer made $4.6 million, and its chief accounting officer/general counsel received $4.5 million.
Outrage: Freddie and Fannie Execs Pocketed $35 Million In Taxpayer Money