The Washington Post reported that $12.79 million in bonuses will be doled out to ten executives to Freddie Mae & Freddie Mac. This cash cow was approved by the Federal Housing Finance Agency. FHFA is the government agency that regulates Fannie Mae and Freddie Mac.
I’m sure there’s a logical explanation on why there receiving such lavish bonuses.
I’m reminded of this story: In 1930, Herbert Hoover stubbed his toe, shouted “Dam” and so they built him one.
File Under: Ask and you shall receive.