Lessee...now which congressman is going to call themselves for investigation?

[dude1394]

Hopefully Barney Frank..but somehow I doubt it.

WASHINGTON (AP) -- Fannie Mae is planning to pay retention bonuses of as much as $611,000 each to several top executives of the government-controlled mortgage finance titan. Sibling company Freddie Mac is planning similar awards.

Fannie Mae disclosed in a recent filing with the Securities and Exchange Commission that it's planning bonuses of $470,000 to $611,000 for four top executives, on top of their base salaries this year.

Freddie Mac has a similar retention plan in place, but has yet to disclose how much money top executives are in line to receive.

Both companies were seized by federal regulators last fall. Fannie has requested $15.2 billion in government aid, while Freddie has asked for nearly $31 billion in additional aid on top of the $13.8 billion it received last year.

[bernardos70]

Tax it at 102% and we're all good, as suggested by alexamenos. Gotta love those 2% processing fee. Why would they wanna retain any of them? So they can stay and f*ck up more sh*t?

[Mavdog]

I nominate republican senator chas grassley, who introduced the senate bonus limits bill and said "I think the outrage is so obvious that we need to pass the legislation to send a clear message to corporate America that when your sucking the taxpayers, you don't do these outrageous things," Grassley said. "When you're under water, you don't suck in more water because then you die."

classic.

[dude1394]

We have a new leader.