Wednesday 19 August 2015

The CEOs of Fannie and Freddie deserve a raise

Fannie Mae has returned $24.7 billion more than it received, and Freddie Mac has returned $25 billion more than it received. So Layton and Mayopoulos get $600,000 each for creating a $50 billion surplus, while the CEOs of GM and Ally made $9.5 million and $9 million when their companies still owed the government $32.1 billion. How does this make any sense?

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