Freddie Mac chief executive gets US$19.8 million in 2007

And we wonder why they are in trouble.

I simply don't understand the accounting at these rip off companies. I'm a small business owner and don't get paid if others are due money. It's been this way for 20 years. I hope he's fired and fired good! And better yet, I hope the Feds find "the goods on him."

Wonder if he'll be man enough to return it.

Seems to me if you sink the ship, you aren't entitled to take the dinnerware.

“Freddie Mac chairman and chief executive Richard Syron pocketed nearly US$19.8 million in compensation last year,”

That seems rather high for a total incompetent like him.

Maybe the bailout of his company should begin with paying him minimum wage this year and returning the rest of his money to the taxpayers.

But congress would never agree to that since if the idea catches on they could be next on the list.

F-T-S wrote:

I simply don't understand the accounting at these rip off companies. I'm a small business owner and don't get paid if others are due money. It's been this way for 20 years. I hope he's fired and fired good! And better yet, I hope the Feds find "the goods on him."

I hope they also fire that A-- Hole. That's too much money to screw up. I have 10,000 in Freddie Mach and I hope it don't fall anymore.

Poor Michael Brown must not be taking this well.

Bush's buddy Brownie screws up at FEMA and winds up a cultural punch line. This Richard Syron mope sees Freddie Mac's value melt away, puts taxpayers on the hook for God knows how much money for the bailout, and he pockets $19.8 million and counting!

How do you like them apples?

strut2k wrote:

Poor Michael Brown must not be taking this well.
Bush's buddy Brownie screws up at FEMA and winds up a cultural punch line. This Richard Syron mope sees Freddie Mac's value melt away, puts taxpayers on the hook for God knows how much money for the bailout, and he pockets $19.8 million and counting!
How do you like them apples?

Them apples are rotten!!!

The worse the CEO the higher the payout. It's the American way. We reward failure and penalize success.

In Japan a CEO will take a pay cut to make sure the company stays afloat.

They try to avoid such things as disgrace.

Where did the money to finance these mortgage companies originate?

Where did HUD money come from?

Guess who wrote:

Where did the money to finance these mortgage companies originate?

The federal reserve. The very idiots who most believe can regulate this mess. The fools who were supposed to regulate this mess.

The private owners of the federal reserve get 6% of all new monies printed and then play fractional reserve games untill it is gone, nothing left but some digit in wall streets accounting department......

When incompetence is rewarded with outlandish bonus's it makes one wonder where we as a country are going. We see this time after time here in the US where incompetent CEO's and their self appointed boards reward themselves with no oversight. This white collar crime is no different than a hood sticking up a local bank. Shame on us to allow this overt theft.

unbelievable. get this fact: in 2008 first 3 mos. the company made $4.2 million dollars an hour. An hour, in profit. Excuse me, I am going to vomit, will be right back.

Oh the sompany that made $4.2 million AN HOUR is Shell, the gas station.

Stu wrote:

In Japan a CEO will take a pay cut to make sure the company stays afloat.
They try to avoid such things as disgrace.

In Japan, a CEO who causes a company to lose half its value does the only honorable thing: he sticks a knife in his own belly and pulls it up to his ribs, twisting it all the way up. Don't you wish this American piece of waste had the decency and cojones to do the honorable thing? Instead, this coward rewards himself with millions of dollars that clearly, he hasn't earned.

This is only the 8,459th time in the last few years that a CEO has raided the corporate piggy bank while the company is swirling down the tubes.

Is anyone begginning to see that this whole stock market system is just a big pyramid scheme to bilk money out of investors?

Our whole freaking economy has become just a big pyramid scheme.

Why Bother wrote:

<quoted text>
In Japan, a CEO who causes a company to lose half its value does the only honorable thing: he sticks a knife in his own belly and pulls it up to his ribs, twisting it all the way up. Don't you wish this American piece of waste had the decency and cojones to do the honorable thing? Instead, this coward rewards himself with millions of dollars that clearly, he hasn't earned.

That is because the Chinese government doesn't bail out private companies or nay companies for that matter! If someone defrauds the public and runs thier corporations unscrupulously...They lock them up or sentence them to death!

The guy responsible for the lead paint in its products hung himself out of shame and fear of an investigation. He believed he dishonored his family.

When American Ceos figure they will get a government bailout on the taxpayers dime, a great retirement package, and no indictment. It is worth it too them to tank thier companies!

http://www.independentpoliticalreport.com/200...

FREDDIE & FANNIE UNCONSTITUTIONAL BAIL OUT USING WHAT?
http://www.newswithviews.com/Devvy/kidd377.ht...

Barney Fife wrote:

God Bless America?????????

No. Instead, for eight years, I visited upon you the Curse of the Mummy. You responded by spilling your seed on the intern. So, I inflicted the plague of the First Born Son. Your response: the American Idol. Lo, behold now the Return of the Mummy.