Fannie and Freddie Retention Bonuses > AIG, Media Mute

Just a quickie.

An updated Reagan: If it moves, tax and regulate it, if it continues to move crush it and buy stock, if it stop moving, subsidize it and install friends.

Before looking at bonuses, a crisis-global-warming update that does not include the snow the other day or an unusually warm October:

Albany

Seasonal Heating Degree Day

Period:	Current Year:	Last Year:	Normal:
07/01/08 - 03/28/09	5833	5447	5577

SmarTrend News Watch - 4/3/2009

Trend® News Watch: Fannie and Freddie To Pay Out More Than $210 Million In Bonuses

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A letter released Friday by Sen. Charles Grassley of Iowa showed that Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE) plans to pay more than $210 million in bonuses through next year in an effort to give employees the incentive to stay in their jobs. The retention awards would go to more then 7,600 workers, many of whom lost years of savings when the companies' stocks fell to $1 per share from their $60 highs in the fall of 2007.

[What is this - a justification for a big bonus?]

According to the letter, $146 million worth of payments out of the $210 million will be made this year.