{"id":115398,"date":"2009-12-30T12:01:31","date_gmt":"2009-12-30T17:01:31","guid":{"rendered":"http:\/\/nw0.eu\/2009\/12\/30\/obama-feigns-outrage-over-bonuses-then-approves-bigger-bailout-for-bonus-givers-fannie-and-freddie.html"},"modified":"2009-12-30T12:01:31","modified_gmt":"2009-12-30T17:01:31","slug":"obama-feigns-outrage-over-bonuses-then-approves-bigger-bailout-for-bonus-givers-fannie-and-freddie","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/115398","title":{"rendered":"Obama Feigns Outrage Over Bonuses, Then Approves Bigger Bailout for Bonus-Givers Fannie and Freddie"},"content":{"rendered":"

‘The Obama administration pledged
\nThursday to provide unlimited financial assistance to mortgage giants
\nFannie Mae and Freddie Mac, an eleventh-hour move that allows the
\ngovernment to exceed the current $400 billion cap on emergency aid
\nwithout seeking permission from a bailout-weary Congress.  The
\nChristmas Eve announcement by the Treasury Department means that it can
\ncontinue to run the companies, which were seized last year, as arms of
\nthe government for the rest of President Obama’s current term. <\/font><\/p>\n

Fannie Mae and Freddie Mac disclosed
\nthat they had received approval from their federal regulator to pay $42
\nmillion in Wall Street-style compensation packages to 12 top executives
\nfor 2009. The compensation packages [include] up to $6 million each to
\nFannie Mae and Freddie Mac’s chief executives.’<\/font><\/p>\n

Read more…<\/a><\/font><\/p>\n

\n

Related Posts:<\/h3>\n