Freddie last week, Fannie this week

dogtowner

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(Reuters) - Fannie Mae, the biggest source of money for U.S. home loans, on Tuesday said it needed a further $7.8 billion in federal aid to stay afloat as a shaky housing market widened its third-quarter loss to $5.1 billion.
The government-controlled firm also attributed the deeper cash drain to losses on derivatives used to hedge its exposure to interest-rate swings and on expenses related to home loans made prior to the 2008 financial collapse. In the year-earlier quarter it had a loss of a $1.3 billion.


Fannie Mae has now drawn $112.6 billion in bailout funds from the Treasury Department since being seized by the government in 2008 as mortgage losses mounted, and it has returned $17.2 billion to taxpayers in the form of dividends.
 
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Oh, not to worry. The execs have their money, so they'll get Freddy and Fannie back into the black. That is the rationale for paying execs outrageous salaries, isn't it, so that we get the best?



Fannie, Freddie execs score $100 million payday


NEW YORK (CNNMoney) -- Mortgage finance giants Fannie Mae and Freddie Mac received the biggest federal bailout of the financial crisis. And nearly $100 million of those tax dollars went to lucrative pay packages for top executives, filings show.

If you don't find that outrageous, then your just not outrageable.
 
Oh, not to worry. The execs have their money, so they'll get Freddy and Fannie back into the black. That is the rationale for paying execs outrageous salaries, isn't it, so that we get the best?



Fannie, Freddie execs score $100 million payday




If you don't find that outrageous, then your just not outrageable.


Then why hasn't your buddy BO done something about this outrage? He said when he was a candidate and so did your best buddy Nancy Pelosi, that corruption in government would not exist with them in power.
 
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Then why hasn't your buddy BO done something about this outrage? He said when he was a candidate and so did your best buddy Nancy Pelosi, that corruption in government would not exist with them in power.

Indeed, a mystery. Politicians of every stripe make campaign promises, and, of course, they always keep those promises.

Right?
 
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