No Golden Parachute for Fannie and Freddie exec’s.

This per The Legal Times:

The Federal Housing Finance Agency—the regulator that now controls Fannie Mae and Freddie Mac—announced yesterday that it would block millions in exit pay to the companies’ departing chief executives. The “golden parachute” packages could have totaled as much as $24 million, and they have drawn fire from Congress and both presidential candidates ever since the government bailed out Fannie and Freddie two weekends ago. Daniel Mudd, Fannie’s ex-CEO, and Richard Syron, Freddie’s former CEO, learned yesterday that they would not receive the severance pay.

Mudd and Syron gotta be freaking out. Bet they pissed down both legs..

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About Dusty, hells most vocal bitch

I am a..brown Cali bitch that is quite the opinionated,political, pain-in-the-ass, in your face kinda girl that also loves baseball and music to a fault. Two things are infinite: the universe and human stupidity; and I'm not sure about the universe.--Albert Einstein-*

Posted on September 16, 2008, in Fannie Mae, Freddie Mac, Golden Parachute. Bookmark the permalink. 1 Comment.

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