In response to:

Fannie Mae Employees Keep Fat PayChecks at Taxpayers’ Expense

M1946W Wrote: Feb 04, 2013 8:48 AM
We should be cleaning house but it isn't going to happen. Both Fannie and Freddie have both been an oasis in the desert for Democrats for decades and they've milked it for everything they could get (and that was a lot.) For those doubters try reading Morgensen and Rosner's "Reckless Endangerment" to see how the system worked in the past, continues to work now, and will continue to work in the future.

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.


Related Tags: Expense