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Friday, December 16, 2011

Ex-Fannie, Freddie execs charged with fraud

Here's are two of the most disturbing aspects of this story:
Former CEO Daniel Mudd collected more than $80 million in his time at Fannie Mae.

Former Freddie Mac CEO Richard Syron reportedly took home over $19 million in cash, stocks, and other executive compensation in 2007.
So many powerful people in Washington get rich at the expense of the U.S. taxpayer.

Ex-Fannie, Freddie execs charged with fraud – USATODAY.com

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