Posted on 04/03/2009 5:16:05 PM PDT by Free America52
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.
(Excerpt) Read more at news.yahoo.com ...
NEW YORK (AP) -- The dollar slipped against the euro and the pound but rose against the yen Friday after a report showed that the nation's unemployment rate jumped to its highest level in nearly 25 years.
The 16-nation euro inched up to $1.3481 in late New York trading from $1.3446 Thursday, while the British pound rose to $1.4817 from $1.4712.
The dollar rose to 100.28 Japanese yen from 99.64 yen.
The unemployment rate jumped to 8.5 percent in March, the highest since late 1983, as a wide swath of employers eliminated 663,000 jobs, the Labor Department said Friday.
The List, ping
Since Fannie and Freddie are both Democrat Run, Democrat created, Democrat protected enterprises -—
Nothing much will happen!
(Even though Fannie and Freddie were more responsible for all of this mess than any other company out there!)
Exactly, where is the outrage?
While the Exec’s at AIG’s have to hire security guards over their recent bonuses which are a fraction of this amount, Freddie and Fannie continue on as if they are immune to scrutiny. This is ridiculous. Their behavior helped create this disaster.
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