Running and Triathlon Coach

With the mindset of wellbeing, inside and outside. Health, nutrition and awareness are the pillars of this blog.

Wednesday, November 16, 2011

Fannie, Freddie Mac execs score $100 MILLION payday amid collapse (CNN)

NEW YORK (CNNMoney) -- Mortgage finance giants Fannie Mae and Freddie Mac received the biggest federal bailout of the financial crisis. And nearly $100 million of those tax dollars went to lucrative pay packages for top executives, filings show.
The top five executives at Fannie Mae received $33.3 million in 2009 and 2010, while the top five at Freddie Mac received $28.1 million. And each company has set pay targets of as much as $17 million for its top managers for 2011.

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