All you really have to do is go into receivership (collapse)--and then you pay out big "retention" bonus bucks to the bigwigs who
Fannie Mae plans to pay retention bonuses of as much as $611,000 each to key executives this year as part of a plan to keep hundreds of employees from leaving the government-controlled company.
Rival mortgage finance company Freddie Mac is planning similar awards, but has not yet reported on which executives will benefit.
The two companies, which together own or back more than half of the home mortgages in the country, have been hobbled by skyrocketing loan defaults. Fannie recently requested $15 billion in federal aid, while Freddie has sought a total of almost $45 billion
I have a suggestion.
Find the former executives and retain THEM--in Club Fed. For several years. Like maybe 20-to-life.
As to the current guys: screw the bonus plans. Who in Hell would hire anyone with "Fan/Fred" on their resume? They're not going anywhere soon.
No comments:
Post a Comment