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Fannie, Freddie worker bonuses total $210M

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posted on Apr, 3 2009 @ 04:35 PM
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Fannie, Freddie worker bonuses total $210M


news.yahoo.com

By ALAN ZIBEL, AP Real Estate Writer Alan Zibel, Ap Real Estate Writer – 2 hrs 54 mins ago
WASHINGTON – Mortgage finance giants Fannie Mae and Freddie Mac plan to pay more than $210 million in bonuses through next year to give workers the incentive to stay in their jobs at the government-controlled companies.

The retention awards for more than 7,600 employees were disclosed in a letter from the companies' regulator released Friday by Sen. Charles Grassley of Iowa, the senior Republican on the Senate Finance Committee. The companies paid out nearly $51 million last year, are scheduled to make $146 million in payments this year and $13 million in 2010.

(visit the link for the full news article)




posted on Apr, 3 2009 @ 04:35 PM
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Oh, yeah, they really need those bonuses. Gotta keep those workers in place. You know, the same ones that screwed those companies up in the first place!

I wonder if Chris Dodd and Barney Frank are getting any of that phat cash? You know, any more than what they already siphoned off into their own wallets.

news.yahoo.com
(visit the link for the full news article)



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