Fannie Mae-No Politics (FNMA)

[Dallas66]

I agree with you as well...the huge pay raise while in conservatorship does not look to be a responsible move for a company that is supposedly not doing well or still needs help getting their collective $hit together.

On the flip side, everyone KNOWS the GSE's are doing quite well, so the pay raises are a logical progressive move in my thinking.

Also...and this is just my personal opinion...the people at that level don't need the money by any means as they are typically quite wealthy already, and are more tuned to the power and political connections those positions afford them as they move along after they "fix" the company's problems, and pass the reins to the next one in line.

The "compensation" these people get are geared more to feed their ego's and show the rest of their peers they are at the top of their game and are a much needed and indispensable leader that any large corporation (or political position) would jump at the chance to bring on board....they watch each others back to maintain their lofty positions, pay, and power....a "team player" at a much, much higher level.