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The billionaire's club: Fannie Mae and Freddie Mac by the numbers
The Minnesota Indepedent ^ | July 15, 2008 | Molly Priesmeyer

Posted on 07/17/2008 9:41:23 PM PDT by Saundra Duffy

Remember the American Dream? It had a roof on top. A door to happiness in its belly. And in some cases, a white-picket fence around its edges. Now homeownership and all its once-cherry-on-top privileges are on blue-light special: Bargain-basement dreams are in danger of turning into nightmares for millions of Americans, and it shows no sign of ending soon.

(Excerpt) Read more at minnesotaindependent.com ...


TOPICS: Business/Economy; Crime/Corruption; Culture/Society; News/Current Events
KEYWORDS: clintonistas; countrywide; fanniemae; freddiemac; gorelick; indymac; jamiegorelick; millionaires
And they want taxpayers to bail them out? Not with CEO salaries like this:

"$13.4 million: Amount in salary and compensation paid to Fannie Mae CEO Donald Mudd in 2007, a 7 percent increase in pay from the year prior despite the fact that the company's shares lost a third of their value in 2007

"$18.9 million: The total amount, not including salary, compensation, and stock options, Freddie Mac CEO Richard Syron is eligible to receive through extension bonuses, 'equity grants,' and 'performance awards' if he stays through 2009"

1 posted on 07/17/2008 9:41:24 PM PDT by Saundra Duffy
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