While Foreclosuregate grinds on and homeowners are put out of their homes its good to know that the Execs at Fannie and Freddie have more big paychecks coming at them.
Fannie (FNMA) CEO Michael Williams and Freddie (FMCC) chief Charles Haldeman each stand to make some $6 million this year, going by company filings that broadly outline 2009 pay and 2010 guidelines.
Using the same data and assuming no one got a pay cut — we can’t risk having the talent leave, after all — their top lieutenants could make between $2 million and $3 million each.
This for a year in which the companies saw their shares delisted from the New York Stock Exchange, posted $28 billion in losses through three quarters and ran their tab at Treasury to a startling $150 billion. Your taxpayer dollars at work.
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