Ten of the 100 top-paid executives came from Fannie Mae or Freddie Mac NY Post via Harper's Magazine

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Real Estate Agent with Rubiola Realty & Mortgage

Just think about this headline and start planning your next trip to elect new Washington, D.C. officials.

The fact that these birds got away with this is something for the United States Congress to deal with. Making each and every member of the House of Representatives unemployed is something for us to deal with. Some of the people the "holy" folks at NAR and our state associations have been pushing should be called to task by the associations membership. Dealing with NAR is something for us to deal with?

We must understand that the builders and the lenders own our elected officials. Realtors should lead the way! It would help if citizens would get involved in the term limist issue for Congress and Senate too.

 

 

   

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100 toppaid executives came from fannie mae or freddie mac
house of representatives
lenders
economy
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Rainmaker
178,717
Dennis Herman
Dennis Herman
Realty Executives Elite

Larry

You misquoted the article.  Here is the link.  http://www.washingtonpost.com/wp-dyn/content/story/2008/07/27/ST2008072701005.html

The article actually says that the top 100 officials earn an average of 6.6 million.  They do not all come from Fannie Mae.  The Chairman there makes 14 million.

If the average mortgage paid $1400 in interest a month it would take just a little over 800 to pay the chairman.  The pay is high but nothing like the oil companies.

July 28, 2008 07:05 PM
Rainer
8,048
Larry Stewart
Rubiola Realty & Mortgage

Headline corrected. Those executives should have seen this problem. For that kind of money I expect them to be better than that.

 

While on the subject, the guy that ran Countrywide into the ground is consulting with other lenders when many think he should be smashing rocks in jail.

July 28, 2008 08:13 PM
Rainer
8,048
Larry Stewart
Rubiola Realty & Mortgage

Hi Keji,

They would love to have you as an investor. If their knowledge is worth that kind of money why did they not see and do something? I am tired of CEO's getting this kind of pay and better for putting companies out of business and the resulting loss of jobs for people that we hope to help buy real estate. It goes back to the business schools. Sometimes I think the MBA degree is the most dangerous thing to hit the business world. 

July 28, 2008 08:25 PM
Rainmaker
95,756
Keji Ogunleye
GRI, SFR, KejiYour Realtor
Fairfax Realty, Inc

Larry-

I totally disagree- These CEO's did not become CEO overnight, they work hard to get there and they are simply getting paid for what they are worth. This same argument can be made for Realtors that charge 7% commission, they can be question why are you charging 7% or 6% when there are others that will charge less (2%)? Realtors with 7% is able to convince the seller(s) that they are worth that much and they will get the job done, the ones that charge less that is what they are worth. This is a free enterprise. MBA is degree is great and an eye opener.

July 29, 2008 11:36 AM
Rainer
8,048
Larry Stewart
Rubiola Realty & Mortgage

Taht is why we call it "Free Speech and Free Expression" but I continue to hold that growing a business does not equate to closing anf firing. Increasing profits is not growth. I have seen too many of those guys destroy companies. I respect the degree but not the mentality that goes with it.

July 29, 2008 01:22 PM
Anonymous
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Rainer
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Larry Stewart

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