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  • April 3, 2009 04:43 PM EDT by Brian Sullivan

    Fannie, Freddie Bonuses Hit $210 Million

    Story today on government controlled mortgage giants Fannie Mae and Freddie Mac...

    WASHINGTON – Mortgage finance giants Fannie Mae and Freddie Mac plan to pay more than $210 million in bonuses through next year to give workers the incentive to stay in their jobs at the government-controlled companies.

    The retention awards for more than 7,600 employees were disclosed in a letter from the companies' regulator released Friday by Sen. Charles Grassley of Iowa, the senior Republican on the Senate Finance Committee. The companies paid out nearly $51 million last year, are scheduled to make $146 million in payments this year and $13 million in 2010.

    You can read the full AP story here.

    Let's hope protest groups don't organize more bus tours.

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david W

Yea thats a shame , oh !!!! what about that other big company we have that is over payed ?? our government , house&senant wake up America they are for them and there buddies not U S

April 4, 2009 at 3:41 am

m abbott

The news that Fannie/Freddie are paying retentions bonuses when over 600,000 Americans lost their jobs in March is enough to make me want to puke and puke and puke. Disgusting that Fannie/Freddue who are now owned by the taxpayers are even allowed to pay enployees minimum wages much less a bonus for a job "not well done" is both apalling and repulsive. How about if I quit sending my weekly contribution to the government and pay myself a little retention bonus? Surely, the folks in Congress wouldn't object, would they? After all, I deserve a retention bonus for being a taxpayer. Come on, big boys, this grandma is ready for a fight. Screw the government before it screws you! M Abbott

April 3, 2009 at 9:51 pm

jeff saturday

Folsom Prison A tax on beer is coming it`s rolling round the bend and I aint smoked a Newport since I don`t know when and I voted for Obama cause I just could not see now a tax on beer is coming and that`s what tortures me When I was just a baby my momma told me son if someone sounds like Karl Marx you better turn and run but I voted for Obama cause I just could not see now a tax on beer is coming and that`s what tortures me I bet Joe Bidens laughing and smokin big cigars Pilosis tellin GM to make electric cars but I make less than 250 so I just could not see that Obama`s tax and spend plan was gonna torture me

April 3, 2009 at 7:54 pm

Allen

This is outrageous!!!How can they get bonus' to stay in their jobs when I am trying to buy myself a job.Why isn't Obama and his goons firing them and making them pay back their bonus'.

April 3, 2009 at 7:08 pm

about this blog

  • Brian Sullivan joined FOX Business Network (FBN) in April 2008 as an anchor. He co-anchors the 10am-12pm ET hours of the FOX Business block. Prior to joining FBN, Sullivan served as an anchor for Bloomberg Television where he hosted the programs Morning Call and In Focus.

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