Thursday, March 19, 2009

Freddie and Fannie

It not just the arrogance of the folks at AIG its systemic ...

Fannie Mae plans to pay retention bonuses of at least $1 million to four key executives as part of a plan to keep hundreds of employees from leaving the government-controlled company.

Rival mortgage finance company Freddie Mac is planning similar awards, but has not yet reported on which executives will benefit.

More here

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Here I do not get 'rewarded' for my COMPETENCE and they expect to be rewarded for their incompetence!!!!???

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