No Golden Parachute for Frannie and Freddie exec’s.

This per The Legal Times:

The Federal Housing Finance Agency-the regulator that now controls Fannie Mae and Freddie Mac-announced yesterday that it would block millions in exit pay to the companies’ departing chief executives. The “golden parachute” packages could have totaled as much as $24 million, and they have drawn fire from Congress and both presidential candidates ever since the government bailed out Fannie and Freddie two weekends ago. Daniel Mudd, Fannie’s ex-CEO, and Richard Syron, Freddie’s former CEO, learned yesterday that they would not receive the severance pay.

Mudd and Syron gotta be freaking out. Bet they pissed down both legs..

Tags: Daniel Mudd, Richard Syron, Fannie Mae, Freddie Mac

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