Fannie, Freddie Bonuses Total About $210 Million

April 4, 2009:
http://online.wsj.com/article/SB123876318076986497.html

In a compensation program that has drawn angry protests from lawmakers, Fannie Mae and Freddie Mac expect to pay about $210 million in retention bonuses to 7,600 employees over 18 months, according to a letter from the mortgage companies' regulator.

The maximum retention bonus for any individual executive under the plan will total $1.5 million during the 18 months ending in early 2010, according to the letter to Iowa Republican Sen. Charles Grassley, which provides previously undisclosed details about the bonuses.

January 14, 2010:
http://whitehouse.blogs.foxnews.com/2010/01/14/obama-to-propose-90-billion-in-fees-over-ten-years-on-high-flying-us-banks-aig-on-subsidiaries-of-foreign-firms/
Significantly, the administration will exempt GM, Chrsyler, Fannie Mae and Freddie Mac from the fees even though most of the current TARP deficit is linked to taxpayer bailouts of these firms.