Quote:
Originally Posted by freefall
Fannie,Freddie,AIG,BOA execs made millions passing toxic junk they stick taxpayers with - now they want more money
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At least four
Fannie Mae executives are slated to receive more than $400,000 in bonuses each this year as a result of the company's government-approved retention program,
The Post's Zach Goldfarb reports.
The executives include chief operating officer
Michael Williams ($611,000), deputy chief financial officer
David Hisey ($517,000), and executive vice presidents
Thomas Lund ($470,000) and
Kenneth Bacon ($470,000).
Each of these executives earned about $200,000 in retention payments last year and salaries ranging from $385,000 to $676,000.
Fannie Mae's chief executive,
Herbert M. Allison, did not receive any salary or retention payments. He received $60,000 in compensation related mostly to reimbursements.
Fannie Mae, which suffered $59 billion in losses last year, has requested $15 billion in taxpayer assistance, and has said it expects to need plenty more.
They get a bonus of roughly 7 times my salary for losing $59 billion, and living off taxpayer welfare - great!
The Ticker - 4 Fannie Execs Each to Get $400K in Govt.-Okayed Bonuses - Economy Watch *
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