Disgusting to say the least.
The heads of US mortgage giants Fannie Mae and Freddie Mac may each receive pay packages of up to $6m (£3.7m) for 2009, depending on company performance.
The government has put $111bn of public money into the companies since taking them over and the awards go against moves to curb lavish pay packages.
But the regulator which decided the pay levels said the awards were 40% lower than before the government bailout.
The sums involved reflected the need to attract and retain talent, it argued.
http://news.bbc.co.uk/2/hi/americas/8430383.stm
US agrees $6m pay cheques for Fannie and Freddie bosses
Disgusting to say the least.
Tried of the bankers having all the fun.
Bailout! The Game the hilarious parody of the government bailout where when you lose, you win. In this role reversal of the classic board game debt is king.
Bailout! The Game gives you an endless supply of T.A.R.P funds, laughs and fun.
Be the bank, lose billions and get a bailout.
Play as one of six banks: Bankruptcy O’ America, Worth Farless, No Cashvia, Liquidation Brothers, Greedy Investors of America, or Washed Up Mutual.
Land on or pass over Frantic May and Frivolous Mac spaces and get slammed with bad debt.(MBS’s and CDO’s)
Just as Monopoly was born out of the Great Depression, Bailout! The Game was born out The Great Recession.
The creators a homeschool mom and an architect, Jordy and Shari Sopourn of Coral Springs, FL. The concept of the game was born while trying to teach the concept of T.A.R.P to their children. What developed was a fantastic fun filled award winning board game that spoofs the governmental bailout. Winner of the Mr. Dad Seal of Approval. http://www.mrdad.com
Liberty Street Games
http://www.bailoutthegame.com
yes.Larger the debt, greater the chances of your not paying it.In fact you can borrow more from tne same source to repay the loan.This applies to banks and individuals.If you owe 10,00 dollars, you are afraid of the Bank: if you owe one million $ the Bank is afraid of you.
What a sham!