December 28, 2009 at 11:00 AM EST
Fannie and Freddie Get a Huge Christmas Gift from Uncle Sam
So much for the U.S. Treasury Department announcing its much-anticipated exit program for government support of Fannie Mae ( FNM ) and Freddie Mac ( FRE ). Instead, on Christmas Eve, Treasury said the federal government would provide both with unlimited support for three to five more years . Also, Fannie's and Freddie's CEOs will get pay packages of $5 million to $6 million dollars . Stockholders liked the news and sent shares up by 20% . Continue reading Fannie and Freddie Get a Huge Christmas Gift from Uncle Sam Fannie and Freddie Get a Huge Christmas Gift from Uncle Sam originally appeared on DailyFinance on Mon, 28 Dec 2009 11:00:00. Filed Under: Economy , Fannie Mae , Real Estate , Freddie Mac Permalink | Tweet this! | Comments
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