Home > KING OBAMA > Nope I can’t understand why where broke.

Nope I can’t understand why where broke.

More insanity at Fannie Mae & Freddie Mac.

Its no surprise that this disaster continues to operate, Obama is just paying back yet another big dollar contributor. Obama was number 2 after (D) Sen Chris Dodd in receiving large campaign contributions. The two chief executives of Fannie Mae and Freddie Mac could get paid as much as $6 million for 2009, despite the companies’ dismal performances this year which cost taxpayers more than $100 billion. Fannie’s CEO, Michael Williams, and Freddie CEO Charles “Ed” Haldeman Jr. each will receive $900,000 in salary, $3.1 million in deferred payments next year and another $2 million if they meet certain performance goals, according to filings with the Securities and Exchange Commission on Thursday.

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