Big headlines in yesterday's Tribune about the $200 billion bailout of Fannie Mae and Freddie Mac.
And WHO PAYS FOR IT, YOU MAY ASK? Well, that'd be us "rich" folks in what is left of the middle class. This will be good for people seeking mortgages who will find lower interest rates, ie, CD rates will be lower as well.
AND WHAT ABOUT THE FORMER CEOS OF THEM?
Well, these mismanagement wizards are going to leave with what very well could be BIG MONEY. Daniel Mudd of Fannie Mae stands to collect $9.3 million in severance pay and deferred compensation if his dismissal is deemed to be without cause. I'd bet he will be trying to go for that.
Richard Syron of Freddie Mac could get an exit packafge of $14.1 million.
And then there is how much these guys have earned since taking over the companies.
Without a Doubt, I Need to Put in for a CEO Job, the Only Place You Can Royally Screw Up and Walk Away With Loaded Pockets. --RoadDog
Being an account of some things I'm interested in, what I'm doing, and reflections on my past, especially music.
Listen to this man. Seven years of college, you know. Trying to reason with 2020 and, now, 2022.
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