| Posted: Wed Mar 10th, 2010 07:10 pm |
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razenkn
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cindisue_g wrote: Another example that they can't seem to get anything right!
Only about a third of the homeowners who have successfully completed the trial period of the Obama administration's mortgage modification program have been offered permanent relief, according to new federal data obtained by the Huffington Post.
The conversion rate -- about 33 percent -- is woefully short of what the Treasury Department had forecast. Treasury thought the rate would be "ranging up to 75 percent," Herbert M. Allison Jr., assistant secretary for financial stability, told the Congressional Oversight Panel in October.
The other two-thirds of homeowners who have gone through the trial program and made the necessary payments remain in limbo. Some of those homeowners -- more than 350,000 of them -- will ultimately lose out on the kind of relief the administration has repeatedly promised: averting foreclosure through lower monthly payments.
Why would anyone expect anything else?? The people don't know it yet but this administration's incompetence is actually a blessing in disguise for them. Anytime you tap into one of their "gimme" schemes, you tap into a deal with the devil, meaning the devil is in the details. You are no longer a homeowner, the gov't owns both you and your home. They tell you what you can and cannot do, what you can and cannot afford. It's a small taste of what it will be like to get in bed with the gov't for healthcare. Once you are owned, you are owned. There is no going back or getting away from them and they call all the shots. That is what nanny State controlled gov'ts do. 
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| Posted: Wed Mar 10th, 2010 06:16 pm |
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cindisue_g
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Another example that they can't seem to get anything right!
Only about a third of the homeowners who have successfully completed the trial period of the Obama administration's mortgage modification program have been offered permanent relief, according to new federal data obtained by the Huffington Post.
The conversion rate -- about 33 percent -- is woefully short of what the Treasury Department had forecast. Treasury thought the rate would be "ranging up to 75 percent," Herbert M. Allison Jr., assistant secretary for financial stability, told the Congressional Oversight Panel in October.
The other two-thirds of homeowners who have gone through the trial program and made the necessary payments remain in limbo. Some of those homeowners -- more than 350,000 of them -- will ultimately lose out on the kind of relief the administration has repeatedly promised: averting foreclosure through lower monthly payments.
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| Posted: Fri Feb 19th, 2010 05:29 pm |
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| Posted: Thu Feb 18th, 2010 12:38 am |
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designman124
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Drilling Ban To Cost Trillions
Drilling Ban To Cost Trillions
Posted 02/16/2010 05:58 PM ET
Energy: A new study shows that our reluctance to develop domestic energy will cost the beleaguered U.S. economy trillions in opportunity costs, reduce our gross domestic product and increase our trade deficit.
From trying to stimulate jobs in nonexistent ZIP codes at great expense to worshiping the false gods of climate change, our biggest deficit these days may be in the area of common sense. A new study shows that many of our wounds are self-inflicted as we forgo the wealth and jobs to be found in our waters and under our feet.
The study by Science Applications International Corp. at the request of the National Association of Regulatory Utility Commissioners, the Gas Technology Institute and others shows the U.S. economy will suffer $2.3 trillion in lost opportunity costs over the next two decades, monies that would go a long way to reining in runaway deficits and creating economic growth.
Critics will say this is another self-serving study paid for by oil industry groups, but unlike the climate change fantasies concocted by the Intergovernmental Panel on Climate Change and Britain's Climatic Research Unit at the University of East Anglia, the study's data can survive fact-checking and the conclusions are rooted in reality.
Drilling restrictions in Alaska's Arctic National Wildlife Refuge and in offshore areas such as the Chukchi Sea and Outer Continental Shelf, the report says, are denying us access to at least nine years' worth of total U.S. oil and gas consumption.
The U.S. used 22.8 trillion feet of gas and 5.2 billion barrels of oil in 2009. Locked up by federal restrictions are approximately 43 billion barrels of oil and 286 trillion cubic feet of natural gas. Without access to these resources, average natural gas prices will rise 17% by 2030 and electricity prices will "necessarily skyrocket," as Barack Obama once said, by 5%.
The net effect of our energy inaction will be a reduction in gross domestic product by $2.36 trillion cumulatively through 2029, or by 0.52% annually. We'd also be forgoing hundreds of thousands of high-paying energy and construction sector jobs here in the U.S. as well as missing a golden opportunity to sharply cut our trade deficit.
These are not climate fantasies derived by running faulty assumptions and bad data through inaccurate computer models. This is simple math, common sense and Economics 101. Energy is expensive. We're leaving vast amounts in the ground while importing it from others. In a word: duh.
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| Posted: Thu Feb 18th, 2010 12:10 am |
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designman124
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CBS Poll:
Seven percent of the American people believe Elvis is still alive.
Six Percent believe the Stimulus bill created or saved jobs.
Two percent believe Elvis got one of those jobs.
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| Posted: Wed Feb 17th, 2010 06:43 pm |
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Razenkn
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duece wrote: Silver Lining Hard to Find for Some on Anniversary of Stimulus
By Judson Berger
- FOXNews.com
While the Obama administration and congressional Democrats are out in force this week touting the success of the $787 billion economic stimulus package signed exactly one year ago, critics are pointing to a still-dismal jobs picture and deflating public confidence as signs that the ballyhooed benefits of the stimulus bill, as one GOP leader put it, were a "fiction" and not worth the cost.
The United States of America owes $1.6 trillion more today than it did a year ago. The jobless rate has climbed from 8.1 percent to 9.7 percent. And the deficit has soared to record levels, with another record likely to be set this year.
Happy anniversary!
The dynamic duo was out this a.m. bragging what a "great job" Little Joey has done as a watchdog over this enormous slush fund for fraud and wasteful spending. He's not watching anything other than his reflection in the mirror while practicing his phony smile. The fraud and waste is rampant throughout even though just a small fraction has actually been spent. The list is endless. But according to President "Honest Abe" that dog hasn't barked. LOL I think this could very well be lie number 543 or else he really doesn't have a clue. Either way, it's the taxpayer who gets screwed every time because of their glaring incompetence.
Evan Bayh said yesterday in an interview with CBS "If I could create one job in the private sector by helping to grow a business, that would be one more than Congress has created in the last six months."
Last edited on Wed Feb 17th, 2010 07:22 pm by
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| Posted: Wed Feb 17th, 2010 06:12 pm |
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duece
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Silver Lining Hard to Find for Some on Anniversary of Stimulus
By Judson Berger
- FOXNews.com
While the Obama administration and congressional Democrats are out in force this week touting the success of the $787 billion economic stimulus package signed exactly one year ago, critics are pointing to a still-dismal jobs picture and deflating public confidence as signs that the ballyhooed benefits of the stimulus bill, as one GOP leader put it, were a "fiction" and not worth the cost.
The United States of America owes $1.6 trillion more today than it did a year ago. The jobless rate has climbed from 8.1 percent to 9.7 percent. And the deficit has soared to record levels, with another record likely to be set this year.
Happy anniversary!
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| Posted: Tue Feb 9th, 2010 06:28 am |
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| Posted: Tue Feb 9th, 2010 06:19 am |
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cindisue_g
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Why doesn't our President focus on the economy instead of bashing the GOP and cable news. Two reason why he needs to do stay in Washington DC and do his job:
1. The jobless claims rose to 480,000 last week. Where are the millions of jobs President Obama personally saved or created? Maybe they were all like the police officers jobs he created in one city, they were just temporary, because they got laid off.
2. Moody's says that we are at risk of losing our triple A credit rating. We are at risk unless President Obama does something about the economy and we have to stop the red ink....in other words, stop spending money we don't have.
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| Posted: Sat Jan 30th, 2010 03:12 pm |
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| Posted: Thu Jan 21st, 2010 02:07 pm |
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cindisue_g
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You have to wonder why President Obama is not giving his attention to the economy.
WASHINGTON (AP) -- The number of newly-laid off workers seeking jobless benefits unexpectedly rose last week, as the economy recovers at a slow and uneven pace.
The Labor Department said Thursday that initial claims for unemployment insurance rose by 36,000 to a seasonally adjusted 482,000. Wall Street economists expected a small drop, according to Thomson Reuters.
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| Posted: Thu Jan 14th, 2010 05:28 am |
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| Posted: Thu Jan 14th, 2010 05:24 am |
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ItsAllAConspiracy
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BigSurprize wrote: callmelou wrote: BigSurprize wrote: ItsAllAConspiracy wrote: Razenkn wrote: BigSurprize wrote: Trophywife wrote: People need to be responsible for their own actions. How many times have we all been told there are "scams" everywhere. I'm really sick of people being stupid and losing their homes and then blaming someone else. If they had fairly good credit they should have protected that because we all know that's the most important thing we can do for ourselves.
You sound way too conservative in that post, aTrophy...stop the madness now so the old lady libs don't revoke your membership!  
ROTFLMAO....
Oh my gosh, I was soooo thinking the same thing when I saw this lecture coming from a lefty. It was like bizzaro world!
You know what I find strange...with this single post, aTrophy has posted more conservative comments than Mama ever has - who professes to be a Republican. LL
Imagine that!
Four posts from the far right and each attacks the poster v. commenting on the subject...this is why the Republican party is sinkinggggggggg into the sewer. Concerning the subject, way too many of the victims were young adults being sold a line by a guy in a suit who told them nobody ever lost money in real estate and that if their mortgage rates increased, they could just refinance...it doesn't make the victims stupid...just naive...and we were all naive once upon a time.
Well, first of all...it was your imaginary friend who called those people stupid, not us. Second, you're wrong...we didn't attack anyone here. Last but not least, until you start posting comments that are always on topic...your criticism is off base. Ta-Ta 
Oh I dunno. I kinda think categorically being called a drooling inbreeder is like a badge of honor!
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| Posted: Thu Jan 14th, 2010 05:22 am |
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| Posted: Thu Jan 14th, 2010 03:59 am |
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| Posted: Thu Jan 14th, 2010 03:22 am |
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| Posted: Tue Jan 12th, 2010 05:51 pm |
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| Posted: Tue Jan 12th, 2010 05:40 pm |
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| Posted: Tue Jan 12th, 2010 05:38 pm |
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Razenkn
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BigSurprize wrote: Trophywife wrote: People need to be responsible for their own actions. How many times have we all been told there are "scams" everywhere. I'm really sick of people being stupid and losing their homes and then blaming someone else. If they had fairly good credit they should have protected that because we all know that's the most important thing we can do for ourselves.
You sound way too conservative in that post, aTrophy...stop the madness now so the old lady libs don't revoke your membership!
ROTFLMAO....
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| Posted: Tue Jan 12th, 2010 05:30 pm |
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| Posted: Tue Jan 12th, 2010 03:11 am |
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HawgRider
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I guess you saw this scam that so many banks are pulling off from a mile away.
We can only hope that some of your great knowledge should fall upon all the stupid people of the world and hopefully they too will be able to see the forest from the trees.
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| Posted: Tue Jan 12th, 2010 02:06 am |
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Trophywife
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HawgRider wrote: Trophywife wrote:
People need to be responsible for their own actions. How many times have we all been told there are "scams" everywhere. I'm really sick of people being stupid and losing their homes and then blaming someone else. If they had fairly good credit they should have protected that because we all know that's the most important thing we can do for ourselves.
I find it totally amazing that you TW being the Gold Star member of Mensa. That you would stoop so low as to associate with us morons on here.
You knowledge of everything and anything is just so great. You are wasting your time posting on here when you should be talking to the great minds of the world.
I do want to thank you for coming down to our level.
Thank you Hawg, I didn't know you were so observant. Based on your posts you have admitted to being a low life redneck so I wasn't surprised that you defended the idiots that are still losing their homes to scam artists. You're welcome
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| Posted: Tue Jan 12th, 2010 01:21 am |
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HawgRider
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Trophywife wrote:
People need to be responsible for their own actions. How many times have we all been told there are "scams" everywhere. I'm really sick of people being stupid and losing their homes and then blaming someone else. If they had fairly good credit they should have protected that because we all know that's the most important thing we can do for ourselves.
I find it totally amazing that you TW being the Gold Star member of Mensa. That you would stoop so low as to associate with us morons on here.
You knowledge of everything and anything is just so great. You are wasting your time posting on here when you should be talking to the great minds of the world.
I do want to thank you for coming down to our level.
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| Posted: Tue Jan 12th, 2010 12:01 am |
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duece
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It's nothing more than urban legend!
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| Posted: Mon Jan 11th, 2010 11:10 pm |
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Trophywife
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People need to be responsible for their own actions. How many times have we all been told there are "scams" everywhere. I'm really sick of people being stupid and losing their homes and then blaming someone else. If they had fairly good credit they should have protected that because we all know that's the most important thing we can do for ourselves.
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| Posted: Mon Jan 11th, 2010 10:40 pm |
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cindisue_g
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HawgRider wrote: Has others heard the same as I have heard about the banks and mortgage companies are now becoming realtors?
I personally know of 2 separate families who were told that they could get stimulus mortgage money to remortgage their homes if they did 1 thing.
Now mind you these 2 families were not behind on their payments but were real close to possible falling behind.
They both had 700 to 750 FICA scores. They were told not to pay their mortgages for the next 4 months which would make them able to receive this federal money.
Which they have done so they could keep their homes. Now the banks won't work with them and they both have received their eviction notices.
I have also spoken to others who wanted to get these low interest loans. But thought that trashing their credit was a stupid thing for the sake of saving a couple of hundreds of dollars a month.
Something seems fishy to me.
That happened to someone I know as well. The bank told them not to pay for 3 months and then they could refinance under better terms. Right after the 3rd month, they evicted them.
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| Posted: Mon Jan 11th, 2010 08:57 pm |
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HawgRider
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Has others heard the same as I have heard about the banks and mortgage companies are now becoming realtors?
I personally know of 2 separate families who were told that they could get stimulus mortgage money to remortgage their homes if they did 1 thing.
Now mind you these 2 families were not behind on their payments but were real close to possible falling behind.
They both had 700 to 750 FICA scores. They were told not to pay their mortgages for the next 4 months which would make them able to receive this federal money.
Which they have done so they could keep their homes. Now the banks won't work with them and they both have received their eviction notices.
I have also spoken to others who wanted to get these low interest loans. But thought that trashing their credit was a stupid thing for the sake of saving a couple of hundreds of dollars a month.
Something seems fishy to me.
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| Posted: Mon Jan 11th, 2010 07:56 pm |
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cindisue_g
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You really have to wonder!!! Who will the banks pass this fee on to - us!!!
Politico, the Wall Street Journal and New York Times, in nearly identical stories on their websites, cited administration officials saying that a bank fee was under consideration and might be included in the president's budget proposal next month.
Such a fee, which would likely be highly popular with taxpayers still angry at bankers who are preparing to reap huge bonuses, could be part of next month's budget. Exactly what form such a fee might take will be hotly discussed but it is unlikely to be a broad-based fee on transactions.
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| Posted: Sun Jan 10th, 2010 03:53 pm |
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duece
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BigSurprize wrote: CNN is start'n to sound a little Orwellian these days...don'tcha think?
CNN: December Layoffs Exceed Expectations...But Still Good News
By Candance Moore | January 9, 2010 - 11:19
CNN's efforts to spin the current economy have gotten to the point of being ridiculous.
For three days in a row, a series of reports all showed persistent layoffs above expectations, and in each case CNN.com inexplicably reported optimism.
First up was an ADP report released Wednesday which tracked the economy from the side of business owners and how many workers they laid off. Instead of showing the complete picture, CNN chose to present a decidedly upbeat angle.
CNN Money writers Jessica Dickler and Hibah Yousuf set the tone as they worked hard to spin unexpected layoffs as a positive sign in their rosy-headlined "Job Picture Gets a Little Bit Brighter"
The economy is still bleeding jobs! 661K unemployed are no longer seeking jobs and are not counted in the 10% unemployment rate. The true rate of unemployment is 17.3% up from 17.2% last month. "Job Picture Gets a Little Brighter" Right!
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Gemini
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The only reason why we are not seeing even more lay offs is because they have already cut their staff to the bare bone. If anyone can understand simple economics you'd see that. So to say last year we were loosing 360K a month to 85K is a good thing (the Obama admin thinks) they are out of their mind but I think they are just trying to make themselves look good!
Quite simply "THERE IS NOTHING LEFT TO CUT"!!!
The real unemployment rate is 17.3% not 10% as they would like you to believe. Over 4 million people have lost their job since Obama took office and you can blame Bush all you like but accept the truth that Obama passed the stimulus bill not Bush!
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BigSurprize
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CNN is start'n to sound a little Orwellian these days...don'tcha think?
CNN: December Layoffs Exceed Expectations...But Still Good News
By Candance Moore | January 9, 2010 - 11:19
CNN's efforts to spin the current economy have gotten to the point of being ridiculous.
For three days in a row, a series of reports all showed persistent layoffs above expectations, and in each case CNN.com inexplicably reported optimism.
First up was an ADP report released Wednesday which tracked the economy from the side of business owners and how many workers they laid off. Instead of showing the complete picture, CNN chose to present a decidedly upbeat angle.
CNN Money writers Jessica Dickler and Hibah Yousuf set the tone as they worked hard to spin unexpected layoffs as a positive sign in their rosy-headlined "Job Picture Gets a Little Bit Brighter"
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designman124
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Phony Zip Codes
Phantom zip codes also found in Virginia
By: Barbara Hollingsworth
Local Opinion Editor
01/06/10 10:40 AM EST
As much as $9.5 million in federal stimulus dollars went to 14 zip codes in Virginia that don’t exist or are in other states, Old Dominion Watchdog (http://virginia.watchdog.org) reports. The fake zip codes were listed on Recovery.gov, the federal Web site that is supposed to track how the stimulus money is being used.
The phony zip codes are a new wrinkle in Recovery.gov’s increasingly tattered credibility. In November, Ed Pound, director of communications for the Recovery Accountability and Transparency Board, said a rash of phantom congressional districts found on the website were the result of confusion by fund recipients, who apparently didn’t know who their congressman was.
But who would give millions of dollars to somebody who doesn’t even know their own zip code?
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| Posted: Thu Dec 31st, 2009 01:50 am |
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designman124
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He'll Take Over Reader's Digest Next!
GMAC gets $3.79 billion more from Treasury
U.S. government to own 56.3% of lender; ResCap may be sold
SAN FRANCISCO (MarketWatch) -- GMAC said late Wednesday that it received another $3.79 billion from the Treasury Department, leaving the U.S. government owning more than 56% of the struggling lender.
The extra money from taxpayers will help GMAC protect itself from future losses at its troubled mortgage business, Residential Capital. GMAC also suggested that ResCap, as it's known, may be sold.
GMAC said it pumped $1.3 billion into its banking unit, Ally Bank, to satisfy the Federal Deposit Insurance Corp. and other regulators and to support its main auto lending business.
"These decisive balance-sheet actions and resulting capital infusions are intended to minimize the impact on GMAC and Ally Bank of any significant future losses related to ResCap's legacy mortgage business," GMAC Chief Executive Michael Carpenter said in a statement.
"By protecting the financial performance and strength of our core automotive finance operations, we expect to increase the pace at which we can fully repay the U.S. taxpayer," he said. "These actions will also allow GMAC to pursue strategic alternatives for ResCap and the mortgage business."
GMAC, which used to be the financial-services arm of automaker General Motors Co., has been one of the biggest recipients of government support since the mortgage meltdown and financial crisis left it nursing billions of dollars in losses.
After government stress tests of the largest U.S. financial institutions earlier this year, GMAC was told to raise $9.1 billion in new capital to bolster itself in case the economy got much worse.
At that time, Treasury bought $3.5 billion of GMAC preferred securities that had to be converted into common stock in future. That left the company needing to raise another $5.6 billion.
Since then, GMAC, the Federal Reserve and the Treasury have been working on a way to get that money. Wednesday's announcement is the result.
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| Posted: Thu Dec 31st, 2009 12:56 am |
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Gemini
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I say we send him back to where he was born.......and it's not HAWAII!
That's something I can believe in!
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| Posted: Thu Dec 31st, 2009 12:34 am |
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| Posted: Sat Dec 26th, 2009 04:33 pm |
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Kn Wright
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Where are our senators and representatives while we are being ripped off by obama's spend all you want policy for fannie mae and freddie mac? The whole bunch are really Madoffs holding public office.
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| Posted: Sat Dec 26th, 2009 03:41 pm |
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designman124
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U.S. promises unlimited financial assistance to Fannie Mae, Freddie Mac
By Zachary A. Goldfarb
Washington Post Staff Writer
Friday, December 25, 2009; A01
The Obama administration pledged Thursday to provide unlimited financial assistance to mortgage giants Fannie Mae and Freddie Mac, an eleventh-hour move that allows the government to exceed the current $400 billion cap on emergency aid without seeking permission from a bailout-weary Congress.
The Christmas Eve announcement by the Treasury Department means that it can continue to run the companies, which were seized last year, as arms of the government for the rest of President Obama's current term.
But even as the administration was making this open-ended financial commitment, Fannie Mae and Freddie Mac disclosed that they had received approval from their federal regulator to pay $42 million in Wall Street-style compensation packages to 12 top executives for 2009.
The compensation packages, including up to $6 million each to Fannie Mae and Freddie Mac's chief executives, come amid an ongoing public debate about lavish payments to executives at banks and other financial firms that have received taxpayer aid. But while many firms on Wall Street have repaid the assistance, there is no prospect that Fannie Mae and Freddie Mac will do so.
The administration faced a congressionally mandated deadline of Dec. 31 to increase the amount of aid it could provide to Fannie Mae and Freddie Mac, which together have already received $111 billion in assistance.
Treasury said Thursday that its decision did not mean the firms would need $200 billion or more apiece, but that it instead was seeking to assure markets that the government would stand behind the companies. In a statement, Treasury said the move "should leave no uncertainty about the Treasury's commitment to support these firms as they continue to play a vital role in the housing market during this current crisis."
By promising to keep the companies solvent, the government can maintain its sweeping power over the housing market. Fannie Mae and Freddie Mac have played a central role in Obama administration policies to keep mortgage interest rates low, restructure unaffordable mortgages, stop foreclosures and funnel money to housing programs around the country.
The Bush administration took over the firms in September 2008 as the financial crisis entered its most severe phase and promised $200 billion to keep the companies solvent. The Obama administration later doubled that figure.
While the ultimate cost of the bailouts is unknown, the administration estimated earlier this year it would cost $171 billion, and some officials said they expect it could rise further. Analysts have said it could be much higher. The cost will depend in part on how aggressively the administration continues to use the firms to stimulate the housing market because these steps could curtail profitability.
Under the terms of the latest decision, the administration's open-ended commitment will expire in 2012. Then, the firms will only be allowed to receive the balance of the $400 billion remaining today -- about $290 billion.
The administration is set to release broad principles in February for reforming the companies. Many experts predict that the government will have no choice but to hold on indefinitely to many of the companies' most troubled assets -- mortgage investments made during the housing bubble to less-than-worthy borrowers.
But an administration official said it could take several years to resolve the future of the companies, especially if Congress isn't keen to take up the politically charged issue during the 2010 midterm election year, and if the government wants to preserve the ability to influence the housing market. The companies together own or insure the majority of home loans, and no viable private system exists that could replace them.
Even as the administration has broadened its commitment to Fannie Mae and Freddie Mac, it said it would wind down mortgage-assistance programs, including one that bought Fannie Mae and Freddie Mac's mortgage investments.
Fannie Mae and Freddie Mac have long been targets for Republicans, who say they are evidence of how government support for the housing market contributed to the financial crisis.
"The Obama administration's decision to write a blank check with taxpayer dollars for the continued bailout of Fannie Mae and Freddie Mac is appalling," said Rep. Scott Garrett (R-N.J.), a member of the House Financial Services subcommittee that oversees Fannie Mae and Freddie Mac. "Not only is this a continued bailout of failed entities that need to be privatized to protect the taxpayer, the timing of the announcement is clearly designed to try and sneak the bailout by the taxpayers."
On Thursday, federal officials defended the administration's new bailout authority and the compensation packages. They said the pay was necessary to retain talented executives who can oversee the companies' vast mortgage holdings.
Fannie Mae chief executive Michael J. Williams and Freddie Mac chief executive Charles E. Haldeman each will receive a $900,000 base salary. The rest of their compensation will be in incentive payments and bonuses dependent on whether they stay with the companies and achieve business targets. The compensation of other top executives will follow a similar formula.
While the pay is significantly more than what Fannie and Freddie executives received a year ago, the packages are less than what top company officials got before the government takeover. Only five executives at each firm will be eligible to receive more than $500,000 in salary.
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| Posted: Fri Dec 25th, 2009 03:59 pm |
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41st Post |
goldrush
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Haldeman & Williams will be getting a total pay package of $6 million each for '09 and '10. It was approved by Treasury.
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| Posted: Thu Dec 24th, 2009 10:59 pm |
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cindisue_g
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Public anger over Wall Street pay boiled over earlier this year. In response, the Obama administration imposed pay curbs on banks that received government bailouts. All the major banks have since repaid their federal money, largely to escape caps on executive pay.
Former Bank of America Corp. CEO Ken Lewis, for example, agreed to forgo his salary and bonus this year under pressure from the government. Last year, he pocketed more than $9 million in total compensation. Bank of America received $45 billion in government assistance, which it has since repaid.
Freddie Mac hired Haldeman, a former mutual fund executive, in July. At the time, the company disclosed his annual salary of $900,000 but did not disclose other incentive payments. In September, the company hired a new chief financial officer, Ross Kari, and said his pay package would be worth up to $5.5 million.
Williams, formerly Fannie Mae's chief operating officer, took over as CEO in April after the first government-appointed CEO, Herbert Allison, took a job at the Treasury Department. Williams earned a base salary of $676,000 last year, plus a retention award of $260,000.
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| Posted: Thu Dec 24th, 2009 10:44 pm |
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43rd Post |
designman124
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cindisue_g wrote: Razenkn wrote: cindisue_g wrote: I heard today, that it will be disclosed those making million dollar plus salaries at Fannie Mae and Freddie Mac. I guess this is the "Do As I Say, Not As I Do" administration at it's best. They are saying they are going to regulate the salaries of those that got a government dollars, but Fannie and Freddie those that (1) started the whole mortgage meltdown and (2) receives government money doesn't have the same regulations as everyone else. Thanks you President Obama.
Yup, I heard that too. Same with the FAA. They just threw a 5 MILLION dollar Christmas Party for their best and brightest calling it a "conference and training" session. 5 MILLION DOLLARS. They didn't mean for anyone to find out but someone got word of it and went in with one of those pesky camera phones and caught them in the act. Now thanks to this Congress we will have 112 more Gov't agencies to waste our money. Isn't it so exciting?? I can hardly wait to see what else they can find to throw our money at. They TAKE, we GIVE. We work for it, they play with it. Guess that is the liberal way.
How can President Obama allow this after he told the citizens of the United States that they should tighten their belts. This wasteful spending is getting out of control, does he not have a conscious?
The 8000 sq ft house he is renting in Hawaii goes for 4000 dollars a day--- and he has the 2 houses next door too. Are we paying for that, too?Last edited on Thu Dec 24th, 2009 10:49 pm by designman124
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| Posted: Thu Dec 24th, 2009 08:47 pm |
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44th Post |
One_Proud_Obamacan
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The Democrats just gave the Republicans a Christmas Present. They've passed the health plan! Merry Christmas all you Republicans and may the next year be even better for the Democrats! Ho Ho Ho
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| Posted: Thu Dec 24th, 2009 08:26 pm |
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45th Post |
cindisue_g
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Razenkn wrote: cindisue_g wrote: I heard today, that it will be disclosed those making million dollar plus salaries at Fannie Mae and Freddie Mac. I guess this is the "Do As I Say, Not As I Do" administration at it's best. They are saying they are going to regulate the salaries of those that got a government dollars, but Fannie and Freddie those that (1) started the whole mortgage meltdown and (2) receives government money doesn't have the same regulations as everyone else. Thanks you President Obama.
Yup, I heard that too. Same with the FAA. They just threw a 5 MILLION dollar Christmas Party for their best and brightest calling it a "conference and training" session. 5 MILLION DOLLARS. They didn't mean for anyone to find out but someone got word of it and went in with one of those pesky camera phones and caught them in the act. Now thanks to this Congress we will have 112 more Gov't agencies to waste our money. Isn't it so exciting?? I can hardly wait to see what else they can find to throw our money at. They TAKE, we GIVE. We work for it, they play with it. Guess that is the liberal way.
How can President Obama allow this after he told the citizens of the United States that they should tighten their belts. This wasteful spending is getting out of control, does he not have a conscious?
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| Posted: Thu Dec 24th, 2009 07:50 pm |
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46th Post |
Razenkn
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cindisue_g wrote: I heard today, that it will be disclosed those making million dollar plus salaries at Fannie Mae and Freddie Mac. I guess this is the "Do As I Say, Not As I Do" administration at it's best. They are saying they are going to regulate the salaries of those that got a government dollars, but Fannie and Freddie those that (1) started the whole mortgage meltdown and (2) receives government money doesn't have the same regulations as everyone else. Thanks you President Obama.
Yup, I heard that too. Same with the FAA. They just threw a 5 MILLION dollar Christmas Party for their best and brightest calling it a "conference and training" session. 5 MILLION DOLLARS. They didn't mean for anyone to find out but someone got word of it and went in with one of those pesky camera phones and caught them in the act. Now thanks to this Congress we will have 112 more Gov't agencies to waste our money. Isn't it so exciting?? I can hardly wait to see what else they can find to throw our money at. They TAKE, we GIVE. We work for it, they play with it. Guess that is the liberal way.
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| Posted: Thu Dec 24th, 2009 01:08 pm |
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47th Post |
cindisue_g
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I heard today, that it will be disclosed those making million dollar plus salaries at Fannie Mae and Freddie Mac. I guess this is the "Do As I Say, Not As I Do" administration at it's best. They are saying they are going to regulate the salaries of those that got a government dollars, but Fannie and Freddie those that (1) started the whole mortgage meltdown and (2) receives government money doesn't have the same regulations as everyone else. Thanks you President Obama.
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| Posted: Thu Dec 24th, 2009 02:13 am |
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48th Post |
goldrush
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One_Proud_Obamacan wrote: We have a Democrat President. The Democrats rule! McCain and Kyl are just wimpering "has beens." ha ha
201O
DEMS WILL LOOSE 60 VOTE MAJORITY IN THE SENATE.
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| Posted: Wed Dec 23rd, 2009 04:31 pm |
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49th Post |
One_Proud_Obamacan
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We have a Democrat President. The Democrats rule! McCain and Kyl are just wimpering "has beens." ha ha
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| Posted: Wed Dec 23rd, 2009 02:03 am |
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50th Post |
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