$200 billion bailouts for Fannie and Freddie# Stock
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What would you expect government-owned mortgage giants Fannie Mae and
Freddie Mac to do after receiving nearly $200 billion in taxpayer bailouts?
Pay huge executive bonuses, of course. Since accepting government money,
Fannie and Freddie spent nearly $100 million for top executive compensation.
The top five executives at Fannie received a combined $33.3 million in 2009
and 2010. The top five at Freddie received $28.1 million.
Fannie CEO Michael Williams and Freddie CEO Charles Halderman each received
around $5.5 million in pay last year. And that number could increase when
final deferred compensation is set.
Freddie Mac to do after receiving nearly $200 billion in taxpayer bailouts?
Pay huge executive bonuses, of course. Since accepting government money,
Fannie and Freddie spent nearly $100 million for top executive compensation.
The top five executives at Fannie received a combined $33.3 million in 2009
and 2010. The top five at Freddie received $28.1 million.
Fannie CEO Michael Williams and Freddie CEO Charles Halderman each received
around $5.5 million in pay last year. And that number could increase when
final deferred compensation is set.