Will Bawny Fwank attack Fannie Mae and Fweddie Mac?

by Ich bin Ala-awkbarph Wed Mar 18, 2009 2:10 pm

Fannie plans bonuses of up to $611K for 4 execs
Fannie Mae plans bonuses of up to $611,000 for 4 executives; Freddie Mac has similar plans

Fannie Mae disclosed in a recent filing with the Securities and Exchange Commission that it's planning bonuses of $470,000 to $611,000 for four top executives, on top of their base salaries this year.

Freddie Mac has a similar retention plan in place, but has yet to disclose how much money top executives are in line to receive.

Both companies were seized by federal regulators last fall. Fannie has requested $15.2 billion in government aid, while Freddie has asked for nearly $31 billion in additional aid on top of the $13.8 billion it received last year.

Is Bawny Fwank going to wet this twavesty happen?