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Fannie Mae and Freddie Mac execs were paid over 10 million each last year

Posted by satijournal • 7/24/08 • Subscribe to this Discussion [RSS] • Report This Topic
Tags: Economy, fannie mae, freddie mac

Our tax dollars are going to bail them out while their executives are making 10s of millions of dollars.

Fannie Mae's chief executive and president, Daniel Mudd, last year received compensation valued at $12.2 million, including a $2.2-million bonus. Freddie Mac Chief Executive Richard Syron received $10.5 million last year, including salary, stock, options and bonuses. The companies, though federally chartered, are private entities.
www.latimes.com/business/la-fi-housing24-2008jul24,0,548381.story