Fannie, Freddie worker bonuses total $210M
OUTRAGE I SAY! or at least says GOP Sen. Charles Grassley
"It's hard to see any common sense in management decisions that award hundreds of millions in bonuses when their organizations lost more than $100 billion in a year," Grassley said in a statement. "It's an insult that the bonuses were made with an infusion of cash from taxpayers."
The obvious meme here is that Dems protect Fannie/Freddie while throwing AIG under the bus.
Unfortunately this will back fire on the GOP when voters read the fine print.
That 210 Million is over three years and going to 7,600 employees who are now writing 70% of the new loans in the country while the commercial banks sit on the sidelines. That's an average bonus of $27,632.
By comparison AIG's $165 Million went to 168 executives as one time retention bonuses. Average Bonus $982,143
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