WASHINGTON, DC-The recession was good to the top executives at Freddie Mac and Fannie Mae. According to a New York Times report, the GSEs' two top executives made a combined $17 miillion in 2009 and 2010, while their organizations are getting a $153-billion infusion from taxpayers.
Charles Haldeman, who leads Freddie and just joined the GSE in 2009, made $7.8 million in 2009 and 2010. Fannie CEO Michael Williams, with the outfit since 1991, took in $9.3 million over the two years.
The top six executives at both Fannie and Freddie made $35.4 million over 2009 and 2010. Meanwhile, the GSEs could cost taxpayers $363 billion through 2013. Click here to read the full New York Times article on MSNBC.com.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
