From the Washington Post:
Proposal Could Put Housing Recovery Programs at Risk if Employees Leave
Legislation to severely tax bonuses at companies receiving government aid may imperil the Obama administration's housing recovery program by igniting an exodus of employees from Fannie Mae and Freddie Mac, employees at the companies said....MOREIs that the best ya got?
Yeah, they'll all go to Lehman. Sheesh.
While we're at it how about Fannie Mae's Daniel Mudd and Freddie Mac's Richard Syron. Out but not down.
*Raines disgorged $24.7 mil of the $91 mil. to settle his earnings manipulation fraud.