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Detailed text transcripts for TV channel - FOXNEWS - 20111116:15:01:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20111116:15:01:00

Bonuss are still being paid, even as taxpayer money bailed them out. twelve executives at fannie and freddie received $35 million in total salary and bonuses in 2009 and 2010 and so far taxpayers have paid out about $170 billion to rescue those two firms, that's the most expensive bailout of the financial crisis, and it's not over. the government estimates that the bailout could reach up to $220 billion through the year 2014. martha: that bailout is ongoing, and the ceos of both fannie and freddie are expected to testify at today's hearing. a lot of reasons being given for why these people des...

Detailed text transcripts for TV channel - FOXNEWS - 20111116:14:56:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20111116:14:56:00

Cameras to see what is going on. bill: nabe pells, florida. crocodiles and pythons in the everglades but not black bears. martha: you know what you do see in a black bear in the woods. make yourself very big as you can and yell as black bear. grizzly you freeze or play dead. bill: you go try that. martha: i know these things. bill: you go try that. martha: makes a big as you can and really really loud. bill: let us know how it works out that will be a story. taxpayers already bailed out fannie and freddie with more than $170 billion. now new details on a million dollar bonus executives, execut...

Detailed text transcripts for TV channel - FOXNEWS - 20111116:23:23:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20111116:23:23:00

You asked executives about their pay, the compensation. they said they're trying to maintain the access and unwind the millions of bad loans they needed to have this the executive compensation. you didn't buy it. >> no. congress long ago made it not tax deductible unless it was linked to performance. they show they were only vaguely leaked. the bonuses continued. even the general consul at each of the two firms was paid over $1 million. over $2 million. far beyond what would be marked for a lawyer. that is the kind of thing, abuse that has gone on at freddie and fannie for years. it hasn't sto...

Detailed text transcripts for TV channel - FOXNEWS - 20111116:17:08:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20111116:17:08:00

There is the link right there, click on it. jenna: thinks another very big economic story the ceo's of mortgage giants fredee mcand fanny mae are on the hot seat. they ask why executives get multi-million dollar pay packages when our money is keeping freddie and fannie afloat. jim angle is live with more on this. >> reporter: congress is already unhappy about spending $170 billion to bail out fanny mae and freddie mac, the quasi federal agen agencies that own or have half of the mortgages. the house committee has voted 52-4 to stop bonuses and any future once and have executive pay at standard...

Detailed text transcripts for TV channel - FOXNEWS - 20111115:16:34:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20111115:16:34:00

Government-backed companies continue to lose billions of dollars, their ceos are set to receive millions in bonuses. that has some in congress and many more across the country seeing red in more ways than one. rich edson from the fox business network joining us live from capitol hill, rich? >> good morning, jenna. fannie mae and freddie mac need 14 billion from the government, bringing the total to $170 billion. meanwhile the government-run mortgage companies okayed about $13 million in bonuses for 10 executives. the congressional panel is considering whether to move executives from fannie mae...