Fannie, Freddie Execs Face Questions on Bonuses, Expenses

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Fannie, Freddie Execs Face Questions on Bonuses, Expenses

Fannie, Freddie Execs Face Questions on Bonuses, Expenses

Even though Fannie and Freddie rely on taxpayers, they act no different than those at Wall Street and are full of fraud.

If you lay down next to dirty dogs, you’ll eventually get their fleas. Double dip in 3, 2, 1…

Let’s not kid ourselves, wall street really controls them.

Bloomberg-

The U.S. Senate Banking Committee will hold a hearing on bonuses paid to executives of Fannie Mae and Freddie Mac as congressional lawmakers increase scrutiny of the two government-controlled companies.

In the House, Republican Randy Neugebauer of Texas has demanded information on the companies’ spending, including almost $842 million in Fannie Mae salaries and benefits budgeted for 2011.

Fannie Mae and Freddie Mac continue to suffer losses three years after being taken under government conservatorship. Today, Freddie Mac reported a $4.4 billion, third-quarter loss and said it will seek $6 billion from the U.S. Treasury Department to eliminate a net-worth deficit. Combined, the two companies have required about $145 billion in taxpayer aid since 2008.

[BLOOMBERG]

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