Fannie and Freddie Execs Get Big Paydays

[flip_it_fast]

This just amazes me. The mortgage giants, Fannie Mae and Freddie Mac underwent some major financial turmoil last year and were taken over by the government. Well guess what, the top execs of the companies were still paid millions of dollars!

I guess the chief executive officers of each company received annual pay packages of $6 million and other top execs in the companies got at least $2 million each!

The executives' pay packages were approved by both the Federal Housing Finance Agency, the regulator that oversees their operations, as well as the Treasury Department, according to the filings.

cnnmoney

It amazes me that the companies can have been ran so carelessly and yet the top officials still rake in millions of dollars. If you ask me, that money should go into the housing market in some form!

[Eyeofngt]

SEE that and you wonder why we are in the shape we are in!!! It goes in the big arses pockets.

It is a crying shame the rich get richer and the poor get poorer. What is wrong with this picture?

[flip_it_fast]

Thats exactly how I feel about it! Poor people work their bodies to death, the rich mismanage things which causes nothing but bad things for the poor people and yet they get richer still! What is going on here! They should take that money and buy as many houses as they can with it and turn them over to those who lost them- free of charge!

(Just a poor gals opinion lol)