Report | Federal Housing Finance Agency’s Oversight of Fannie Mae’s and Freddie Mac’s Executive Compensation Programs

Federal Housing Finance Agency’s Oversight of Fannie Mae’s and Freddie Mac’s Executive Compensation Programs

The companies, whose fates are to be decided by Congress this year, paid a combined $17 million to their chief executives in 2009 and 2010, the two full years when Fannie Mae and Freddie Mac were wards of the state, the report found. The top six executives at the companies received $35.4 million over the two years. Since Fannie Mae and Freddie Mac were taken over in September 2008, the companies’ mounting mortgage losses have required a $153 billion infusion from taxpayers. Total losses may reach $363 billion through 2013, according to government estimates.

Full report below…

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4closureFraud.org

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Federal Housing Finance Agency’s Oversight of Fannie Mae’s and Freddie Mac’s Executive Compensation Programs

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10 Responses to “Report | Federal Housing Finance Agency’s Oversight of Fannie Mae’s and Freddie Mac’s Executive Compensation Programs”
  1. melissa litchfield says:

    fanny mae is a fraud they forclose on homes after people complete the makeing homes affordable program then the sale ur home in conditions which need to be disclosed putting people at severe risk im looking on how to report them can anyone please help

  2. l vent says:

    The huge pay and bonuses to the BANKSTERS is just another slap in the face to the American People who are struggling horribly to make ends meet. The mainstream media with the exception of the Dylan Ratigan show and Elliot Spitzer, completely ignores Foreclosuregate which to me fully incriminates their owners and sponsors. The truth about this robbery should be reported on everyday until the American People receive justice. With the exception of the Robo-signing scandal and a tidbit here and there about MERS and SECURITIZATION there has been complete ignorance by the media as if this Ponzi Scheme scandal never happened.. CNBC reported 200,000 more underpaying jobs were added this month to the economy and Obama is acting like this is such great news. 200.000 more minimum wage jobs may as well be no jobs in this horrible economy with the constant skyrocketting costs of everything going up weekly.This is nothing but underemployment and the unemployed would need 4 of these lousy jobs just to keep up with the price increases of everything from fuel to taxes to food to utility bills. The unemployed are lucky if we can land one of these lousy jobs and healthcare, FUGGETABOUTIT. These businesses are forcing the employees to pay for health insurance out of their lousy paychecks. This country is headed for disaster if the people do not get some HONEST AMERICAN LEADERSHIP down here on Mainstreet. The MULTINATIONAL Corporations and the Healthcare system as well as the whole MULTINATIONAL financial system is heading off of a cliff without Mainstreet’s participation in the economy. That is what the UN/NEW WORLD ORDER wants, a broke Worldwide Weimar Republic so they can bring in their fascist one world currency and dictator and make us all the slaves working on their NEW WORLD ORDER PLANTATION. Take your money out of the large MULTINATIONAL BANKS PEOPLE!!! File Bankrupcy and do not assume any new debt. We need to organize a Run on the LARGE MULTINATIONAL BANKS, National Tax Revolt and a National Mortgage Revolt. Time to pick a date on facebook or twitter and revolt on everything. The FOREIGN interest hiding behind the scenes of the financial terrorism are the UN/NEW WORLD ORDER and they are holding America hostage and using an American face and have been all along to financially terrorize us but they are not American. Time to spread the word to everyone you know that is willing and able to participate with all of us the truth is The UN/NEW WORLD ORDER wants to take America over without ever firing a shot, they want to BANKRUPT THE UNITED STATES OF AMERICA. THEY WANT NO SOVEREIGN NATIONS and NO DEMOCRACIES. .They want a worldwide PLUTOCRACY and an OLIGARCHY with a one FASCIST DICTATOR, AN AMERICAN TYRANNY. They are diabolical.

  3. Fury says:

    great letter, katheryn.

  4. Katheryn says:

    I sent this to the Washington Post. Every little bit of exposure helps, I think:

    To the Washington Post Editor in Charge of Article about the U.S. Government

    I truly believe this subject affects most of us and really, in its entirety, be exposed to the American people. How does the press, which is supposed to sift out and find the truth, also turn a blind eye to the largest Ponzi scheme in the world and enforced by our own United States Government? Why was it allowed to happen and more importantly, why is it allowed to continue? Why are those involved in the theft and fraud not being criminally prosecuted? Why can laws be changed or legislation enacted to protect those that have cheated and robbed the American public? This is unacceptable and more and more Americans are catching on to how this country’s people have been scammed.

    Have the Government borrow some funds back to keep it open and operational. This is just too much and the American public is entitled to know the depth of corruption in our own government before jumping in to a war in support of human rights and government corruption in other countries. We have to look no farther than out our own windows…it is shameful and frightening.

    Below, you will find an excerpt but you can get the whole report at this address: http://4closurefraud.org/2011/04/01/report-federal-housing-finance-agencys-oversight-of-fannie-maes-and-freddie-macs-executive-compensation-programs/

    Hey Bernanke – Borrow back some money from these crooks. If this gets out and the Government shuts down, the workers will not be happy campers. Let the taxpayers know where their money really is going.

    The companies, whose fates are to be decided by Congress this year, paid a combined $17 million to their chief executives in 2009 and 2010, the two full years when Fannie Mae and Freddie Mac were wards of the state, the report found. The top six executives at the companies received $35.4 million over the two years. Since Fannie Mae and Freddie Mac were taken over in September 2008, the companies’ mounting mortgage losses have required a $153 billion infusion from taxpayers. Total losses may reach $363 billion through 2013, according to government estimates.

  5. Let me get this straight…6 men, I assume they are men, earned 35 million dollars as federal employee’s these last two years while the law firms they hired and fired continue to squeeze displaced American homeowners for their life savings…

    I had a friend who was a behaviorist outline for me the concept of social or financial slavery and it just rings true that the average American does not even realize the extent of the discrimination taking place within the system. Hopefully Americans will wake up and fight these crimes like they should be fought… like your home depends on it. Even if you won’t fight the whole war, start by fighting for yourself one American Homeowner at a time!

    http://diligencegroupllc.net/

    American Middle-class Homeowner

    -AMH

  6. Katheryn says:

    Now won’t that make a nice public story. I’m sure the average ‘Joe’ would love to have a better idea of where his/her tax dollars are going. While the country suffers in what could be described as almost a depression, the crooks still find ways to stay on top. This is the kind of stuff that really needs to be plastered in media print, radio and tv. It is stuff like this that will get those that do not understand and are not interested in the housing meltdown with reards to mortgage fraud, will understand their tax dollars lining the pockets of these theives. Emphasis should be put on the theft of their tax dollars as well as to those who have stolen their money have been the most instrumental in the freefall of their home’s value.

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