Fannie & Freddie to get about $210 million bonus

[flyinfeathers]

In a compensation program that has drawn angry protests from lawmakers, Fannie Mae and Freddie Mac expect to pay about $210 million in retention bonuses to 7,600 employees over 18 months, according to a letter from the mortgage companies' regulator.
The maximum retention bonus for any individual executive under the plan will total $1.5 million during the 18 months ending in early 2010, according to the letter to Iowa Republican Sen. Charles Grassley, which provides previously undisclosed details about the bonuses.

How much was AIG supposed to get? I think this dwarfs that amount.

GO OBAMA GO!! [:'(]

I am sure Rainmaker will say they deserve this money.

[James B]

I heard on the news that another outfit is getting even much more than that. I missed who it was but I heard the word Billion. Better double fire those presses they are going to have to use trucks to haul the paper out of that pace. Look Out Trees, osama has his, I mean our check book out again.

[thndrchiken]

Where's Barney Frank and Chris Dodd screaming their outrage at this? Oh wait a minute their checking who hold's their sweetheart deal mortgages.