Fannie & Freddie Stock Soars - Too Bad the Execs Don't Think it's Worth Owning

CNN Money reports stock prices of Fannie Mae and Freddie Mac soared today after news came the GSE's would have a blank check from the government. Here's why it pays to follow the news, however, the bonus packages for the executives of Fannie and Freddie do not include any stock or options which is quite unusual for a shareholder owned companies.

All signs point to the fact that there will no longer be any pretense these GSE's are going to be privately run in the future:

The lack of stock and options for Fannie and Freddie executives suggests that when Congress and the Obama administration decide what to do with the mortgage firms, shareholders could be left with little or no equity.

The CNN report indicates other companies such as GM that received large bailouts were encouraged to give stock as part of executive compensation packages.  Clearly there are plans for Fannie and Freddie we the taxpayers aren't entitled to know about, at least not yet anyway.  Meanwhile, execs at Fannie and Freddie hit the bonus jackpot this year as you will see in the following report: