Wednesday, March 18, 2009

WTF!? Bonuses Expected at Fannie, Freddie

Fannie Mae is due to pay retention bonuses of as much $470,000 to $611,000 this year to some executives despite enormous losses at the government-backed mortgage company. Fannie's main rival, Freddie Mac, also plans to pay such bonuses but hasn't yet provided details.

read more | digg story

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