[ilovesarah2012]

Congress was already unhappy about spending some $170 billion to bail out Fannie Mae and Freddie Mac, the quasi-federal agencies that own or guarantee about half the nation’s mortgages.

When Congress learned that 12 executives at Fannie and Freddie were paid some $35 million in salary and bonuses over the last two years, that was the last straw.

“These bonuses have come just as Freddie and Fannie have asked for an additional $13 billion in handout from the taxpayers,” Committee Chairman Darrell Issa, R-CA, said.

Read more: http://www.foxnews.com/politics/2011/11/16/lawmakers-confront-executives-over-fannie-mae-and-freddie-mac-bonuses/#ixzz26g8vPJW9

Remember the outrage when we we all learned that A.I.G., a recipient of huge federal bailout dollars, was handing out bonuses to executives who had been in charge of financial operations that lost buckets of money? Well Sallie Mae, the nation’s largest private student loan lender, apparently likes what it saw.

Despite losing $213 million in 2008, Sallie Mae’s CEO Albert L. Lord got a multimillion dollar raise as his reward. He received $4.7 million in total compensation for 2008, a raise of $3 million over his 2007 compensation. Overall, Lord’s collected almost a quarter billion dollars from selling loans to struggling college students during his time at Sallie Mae.

http://www.consumerwarningnetwork.com/2009/04/09/sallie-mae-ceo-gets-raise-despite-record-losses/

[Toddsterpatriot]

Remember the outrage when we we all learned that A.I.G., a recipient of huge federal bailout dollars, was handing out bonuses to executives who had been in charge of financial operations that lost buckets of money?

A.I.G. will end up paying back all the loans, plus billions in profits to the Treasury.