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View Full Version : Republican Senator Calls on Obama to Cancel Fannie Mae, Freddie Mac Bonuses



Rockntractor
11-01-2011, 10:55 PM
A Republican senator is calling on President Obama to cancel the $12.8 million in bonuses that were approved for 10 executives at the government-seized mortgage giants Fannie Mae and Freddie Mac that received a $170 billion taxpayer-funded bailout.

I am calling on the president of the United States to cancel those bonuses and explain to the American people, the taxpayers who bailed out Freddie and Fannie, why he continues to reward failure, Sen. John Barrasso, R-Wyo., said at a news conference Tuesday.

Read more: http://www.foxnews.com/politics/2011/11/01/republican-senator-calls-on-obama-to-cancel-fannie-mae-freddie-mac-bonuses/#ixzz1cVrMXgLr


Read More>http://www.foxnews.com/politics/2011/11/01/republican-senator-calls-on-obama-to-cancel-fannie-mae-freddie-mac-bonuses/

Hansel
11-06-2011, 09:31 AM
Read More>http://www.foxnews.com/politics/2011/11/01/republican-senator-calls-on-obama-to-cancel-fannie-mae-freddie-mac-bonuses/

Cronyism?

AmPat
11-06-2011, 11:05 AM
Good idea. The liberals act like they hate bonuses for their favorite hate targets, why not hate those same bonuses for government lotto recipients?

Starbuck
11-06-2011, 12:08 PM
The heads of Fannie and Freddie should be paid government salaries. Fannie and Freddie are, after all, Government Sponsored Entities who will not be allowed to fail.

Many people lost a lot of money by buying stock in these two companies, and there are no signs that the lost investment value will be returned.
http://bigcharts.marketwatch.com/kaavio.Webhost/charts/big.chart?nosettings=1&symb=FNMA&uf=0&type=2&size=2&sid=1899&style=320&freq=2&time=12&rand=701828111&compidx=&ma=0&maval=9&lf=1&lf2=0&lf3=0&height=335&width=579&mocktick=1
FNMA....5 years