Comments on: Finally! Fannie Mae Freddy Mac “Reward For Failure” Pay Package Being Questioned http://www.cps-news.com/2008/07/22/finally-fannie-mae-freddy-mac-reward-for-failure-pay-package-being-questioned/ An 0ld Man's View of Today's Headlines Wed, 10 Mar 2010 17:21:48 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Just Curious - Political Wrinkles http://www.cps-news.com/2008/07/22/finally-fannie-mae-freddy-mac-reward-for-failure-pay-package-being-questioned/comment-page-1/#comment-113 Just Curious - Political Wrinkles Tue, 09 Sep 2008 03:30:08 +0000 http://acnn.wordpress.com/?p=367#comment-113 [...] one-half its value, on its way to the crisis they face today, with a similar result for Fannie Mae. more To help me along (I thought ), I looked up just the basic bio's of George Bush's 3 Treasury [...] [...] one-half its value, on its way to the crisis they face today, with a similar result for Fannie Mae. more To help me along (I thought ), I looked up just the basic bio’s of George Bush’s 3 Treasury [...]

]]> By: Jim http://www.cps-news.com/2008/07/22/finally-fannie-mae-freddy-mac-reward-for-failure-pay-package-being-questioned/comment-page-1/#comment-114 Jim Sun, 07 Sep 2008 17:44:40 +0000 http://acnn.wordpress.com/?p=367#comment-114 I have no problem compensating performance but these 2 idiots headed the worst losses in the history of the 2 companies. If a private firm (ie: Emron, Worldcom) misstated earnings like this they would be in jail. Doesn't this all sound familiar??? Franklin Raines former CEO of Fannie misstates earning by 11 billion dollars, fraudulently collects $20 Million in salary and bonuses (FY 2004) for the misstatement and doesn’t spend 1 day in jail??? This time looks like the taxpayers will be on the line for 12-25 billion, will Dan Mudd or Richard Syron spend 1 day in jail???? I have no problem compensating performance but these 2 idiots headed the worst losses in the history of the 2 companies. If a private firm (ie: Emron, Worldcom) misstated earnings like this they would be in jail.

Doesn’t this all sound familiar??? Franklin Raines former CEO of Fannie misstates earning by 11 billion dollars, fraudulently collects $20 Million in salary and bonuses (FY 2004) for the misstatement and doesn’t spend 1 day in jail??? This time looks like the taxpayers will be on the line for 12-25 billion, will Dan Mudd or Richard Syron spend 1 day in jail????

]]> By: Brooke http://www.cps-news.com/2008/07/22/finally-fannie-mae-freddy-mac-reward-for-failure-pay-package-being-questioned/comment-page-1/#comment-115 Brooke Tue, 22 Jul 2008 15:27:55 +0000 http://acnn.wordpress.com/?p=367#comment-115 These CEO's need to be held accountable, and the practice multi million dollar packages for executives needs to be curbed, at least for now. The constant bailing out of companies is making investors local and foreign lose faith in America. There's an interesting take on this situation at http://www.wallstrip.com/2008/07/21/fannie-mae-and-freddie-mac-fnm-fre/ I'm not sure where I stand on this issue in the longterm. These CEO’s need to be held accountable, and the practice multi million dollar packages for executives needs to be curbed, at least for now. The constant bailing out of companies is making investors local and foreign lose faith in America.

There’s an interesting take on this situation at http://www.wallstrip.com/2008/07/21/fannie-mae-and-freddie-mac-fnm-fre/

I’m not sure where I stand on this issue in the longterm.

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