March 18, 2009

BONUSES FOR Fannie Mae execs? “Fannie Mae is planning to pay retention bonuses of as much as $611,000 each to several top executives of the government-controlled mortgage finance titan. Sibling company Freddie Mac is planning similar awards.”

UPDATE: A.P.: White House, Dems backpedaling on AIG.

ANOTHER UPDATE: ABC NEWS: Will Obama, McCain, Dodd Return Contributions From AIG Employees?

MORE: “So why did you vote for the AIG payoffs, Rep. Kanjorski?”

STILL MORE, from Ed Morrissey: “I’m a little confused over Kanjorski’s thinly-veiled threat towards Edward Liddy. First, Liddy got brought into AIG by the government after the first bailout; he didn’t run AIG when it ran itself into the ground, and he’s just beginning to figure out what to fix, as Liddy himself explains in a WaPo column today. Also, as Dave at AOL Political Machine points out, we own 80% of AIG. If we don’t like the way the board runs the company, why don’t we replace them?” But then who would we blame?

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