What About Fannie & Freddie Bonuses? – Zacks Tale of the Tape
Zacks Market Commentaries (March 20th, 2009) Writes:
Highlights include American International Group, Inc. (AIG), Fannie Mae (FNM) and Freddie Mac (FRE).As the uproar and outrage about AIG (AIG) bonuses continues, the issue of unwarranted bonuses has drifted toward other financial behemoths that have lately received significant federal government aid -- specifically Fannie Mae (FNM) and Freddie Mac (FRE).Getting a bit ahead of this issue is Democratic representative Barney Frank, who has asked the Federal Housing Financial Agency to cancel retention bonuses for Fannie Mae and Freddie Mac executives. This follows the passage of a bill in the House yesterday that would put a 90% tax on bonuses paid to AIG execs with taxpayer funds.We are apparently in the mode of "throw it at the wall and see what sticks." Several different proposals have been floated to deal with the perceived greed and insensitivity of ...


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