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Fannie Mae Employees Keep Fat PayChecks at Taxpayers’ Expense

fiddlerMO Wrote: Feb 04, 2013 9:56 AM
Let me see if I have this straight, now. If we don't give them raises and reward their failure they're going to quit and go to work for......Who? If I owned a business I sure as hell wouldn't hire them.

Earlier this week the Inspector General (IG) of the Federal Housing Finance Agency released a report documenting the current pay levels of mid-level executives at Fannie Mae and Freddie Mac, those mortgage giants which contributed to the financial crisis and have so far cost the taxpayer over $180 billion.   Despite the bail-outs, it seems the GSEs are still a comfortable place to work, all at the taxpayers’ expense.

This...

Related Tags: Expense