“The government says it will cap pay for Fannie Mae and Freddie Mac chief executives at $500,000 per year and eliminate annual bonuses for all employees…
The government rescued Fannie and Freddie three years ago after they nearly folded because of big losses on risky mortgages. Taxpayers have spent about $170 billion to prop up the two companies, the most expensive bailout of the 2008 financial crisis.”

This from SF Gate. Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2012/03/09/financial/f070443S38.DTL#ixzz1ovRVFSe5
Awesome. You should be limited to $500,000 per year for overseeing losses to taxpayers of $170B. I mean, what kind of executive could you get to work for less than half a million per year? One that would lose $180B? Stunning, really.

This home was foreclosed on once already in this cycle, and back in 2007 for $247K. Freddie Mac felt comfortable loaning money on it, apparently, but then it foreclosed again. Now here it is for sale at about half what was paid. Repeat this one local Shasta County real estate scenario a thousand times across the country, and it’s easy to see how rather large taxpayer losses could accumulate. So punish the executives with that miserly $500K pay? That’ll teach ‘em!