Category: Bailouts/TARP

$13 Million Bonuses “An Outrage”

A bill introduced into the U.S. Senate this week to withhold the $13 million in bonuses planned for executives of mortgage giants Fannie Mae and Freddie Mac. One the bill’s sponsors, John Thune (R-S.D.) called the planned bonuses “an outrage.”…

$35 Million in Fannie Mae Bonuses

Jan. 12, 2012 – After Fannie Mae was a key driver of the world financial meltdown in 2008-09, Michael J. Williams was named CEO in April, 2009. Although he was a longtime Fannie executive, Williams was promoted to help clean…

Ex-Fannie Mae CEO’s Name is Mudd

Dec. 21, 2011 – The Securities and Exchange Commission sued six executives of Fannie Mae, which along with fellow federally-backed mortgage giant Freddie Mac cost U.S. taxpayers more than $150 billion (and counting) as a result of the 2008 financial…

Former AIG CEO Sues Over AIG Bailout

Nov. 22, 2011 – To a universal chorus of columnists and bloggers calling him a greedy pig, the man who turned insurance giant AIG into a threat to help destroy the world’s economy initiated suit against the United States for…