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Fannie, Freddie CEOs denied exit bonuses: report
Reuters ^
| 9-14-08
Posted on 09/20/2008 11:47:17 PM PDT by STARWISE
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Some saving grace for these fraudulent fools.
1
posted on
09/20/2008 11:47:17 PM PDT
by
STARWISE
To: STARWISE
The first time in forty years that an exit bonus for a CEO was denied? Am I correct? I can’t think of a single case where the bonus was denied before. Tell me I’m wrong.
To: STARWISE
3
posted on
09/21/2008 12:01:57 AM PDT
by
Ronin
To: pepsionice
I wish I knew .. but I don’t.
At least he won’t get $26M like
Jamie Gorelick got. I want her
and Franklin Raines in orange
jumpsuits .. bad!
4
posted on
09/21/2008 12:04:44 AM PDT
by
STARWISE
(They (Dims) think of this WOT as Bush's war, not America's war-RichardMiniter, respected OBL author)
To: SE Mom; Bahbah; penelopesire; rodguy911; Miss Didi
5
posted on
09/21/2008 12:05:33 AM PDT
by
STARWISE
(They (Dims) think of this WOT as Bush's war, not America's war-RichardMiniter, respected OBL author)
To: STARWISE
I see lawyers + a turnaround by Congress...
6
posted on
09/21/2008 12:05:52 AM PDT
by
Does so
(...against all enemies, DOMESTIC and foreign...)
To: pepsionice
“The first time in forty years that an exit bonus for a CEO was denied? Am I correct? I can’t think of a single case where the bonus was denied before. Tell me I’m wrong.”
And probably unless charges are brought against them for some legality against F & F will probably not be valid in court.
The criminals will get the money. That is how the system works.
7
posted on
09/21/2008 12:06:26 AM PDT
by
JSteff
To: JSteff
Praying for legal action.
8
posted on
09/21/2008 12:07:56 AM PDT
by
STARWISE
(They (Dims) think of this WOT as Bush's war, not America's war-RichardMiniter, respected OBL author)
To: STARWISE
The government decides to nationalize the bad debt of the entire banking industry, and I’m supposed to be glad that they’re denying these idiots their $24 M parachutes? Whoopie.
To: STARWISE
Yeah, “Enron” these guys!
10
posted on
09/21/2008 12:11:28 AM PDT
by
JSteff
To: STARWISE
Great, but when do they go to prison?!
11
posted on
09/21/2008 12:12:24 AM PDT
by
kcvl
To: pepsionice
However, the two businesses in question were left bankrupt by the two CEO’s. I’d say that should constitute “firing for cause”, in which case they should not get their exit bonus according to the contract.
To: STARWISE
13
posted on
09/21/2008 12:15:51 AM PDT
by
Silly
(PalinLove.com)
To: STARWISE
Some how these crooked creeps will walk away loaded.
14
posted on
09/21/2008 12:17:44 AM PDT
by
M. Espinola
(Freedom is not 'free'.)
To: TheWasteLand
Their questionable mortgage portfolios.
15
posted on
09/21/2008 12:19:36 AM PDT
by
STARWISE
(They (Dims) think of this WOT as Bush's war, not America's war-RichardMiniter, respected OBL author)
To: kcvl
Couldn’t be soon enough for me.
~~~`
Investors sue ex-Fannie Mae execs
Four former senior executives at Fannie Mae have been sued by investors in the troubled mortgage firm.
The investors claim Stephen Ashley, Daniel Mudd, Robert Levin and Steven Swad lied about the firm’s finances, artificially inflating its share price.
The move came after the US government took over the firm, ousting Mr Ashley, Mr Mudd and Mr Levin from their jobs.
Fellow lender Freddie Mac was also bailed out in a move that could cost the US taxpayer $200bn (£113bn).
The class action says the four had been “motivated to misrepresent Fannie Mae’s financial condition by their generous compensation packages”.
http://news.bbc.co.uk/2/hi/business/7605972.stm
16
posted on
09/21/2008 12:24:17 AM PDT
by
STARWISE
(They (Dims) think of this WOT as Bush's war, not America's war-RichardMiniter, respected OBL author)
To: STARWISE
17
posted on
09/21/2008 12:25:15 AM PDT
by
fightinJAG
(Rush was right when he said: "You NEVER win by losing.")
To: fightinJAG
Velly intellesting.
Thank you .. professional incest in the Beltway goes on.
Have you heard him report on Fannie Mae and give this
disclosure?
18
posted on
09/21/2008 12:29:10 AM PDT
by
STARWISE
(They (Dims) think of this WOT as Bush's war, not America's war-RichardMiniter, respected OBL author)
To: JSteff
The criminals will get the money. That is how the system works. You forgot about all the lawyers and other members of the court (Judges etc.).
19
posted on
09/21/2008 12:30:30 AM PDT
by
fella
(.He that followeth after vain persons shall have poverty enough." Pv.28:19')
To: STARWISE
It would be worthwhile to look for vid of Gregory’s reporting on this point.
20
posted on
09/21/2008 12:38:35 AM PDT
by
fightinJAG
(Rush was right when he said: "You NEVER win by losing.")
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