Severance For Mortgage Execs?

Recently, Newsweek reported that the exiting CEOs of Freddie Mac and Fannie Mae may receive up to $24 million in severance packages from their respective organizations.  This raises the question, WHY?  It simply doesn’t make sense that these two characters should be receiving millions of dollars for their failures in management.

The government is in the process of bailing out both Freddie Mac and Fannie Mae, in an attempt to help salvage the already struggling home finance and mortgage markets.  This move is estimated to cost the government (aka the tax payers) $300 billion, assuming a 5% loss of their loans.  Some consider this a conservative estimate while others think it is on par.

The mismanagement of the two CEOs, Richard Syron of Freddie Mac, and Daniel Mudd of Fannie Mae, has le...

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Open House – 345 Terrace, Depew, NY

345-terrace

Hello All!

I’ll be hosting an open house this Sunday at 345 Terrace in Depew, NY.  This magnificent 5 bedroom 3 bath colonial style is situated on a corner lot.  The stunning kitchen features recessed lighting.  The enclosed back porch with deck overlooks the above ground pool and charming landscaping.  This home also includes an in-law unit.  Once again, the open house is Sunday from 1pm to 3pm.

Hope to see you there!

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Fantasy Football In The Workplace

The folks over at WiseBread have posted a really good article on how fantasy football affects the productivity in an office.  A few key points that I found interesting from the article:

  • Fantasy football costs corporate America an estimated $36.7 million daily on lost productivity.
  • The average manager spends 34 minutes a day just thinking about his team, NOT including time spent on the web changing their team around.
  • Now, multiply that figure per league!  I know my room mate is in 4 leagues this year.

It’s easy to see why corporate America is trying to put the brakes on one of the bigger time thieves of the season.  What are your thoughts?

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Grilled Cheese Bread

Every once in awhile, I’ll try a new recipe.  Since summer is here, I’ve been spending a lot of time grilling so I don’t heat up the kitchen.  This weekend, while cooking up a couple monster steaks, I made a loaf of “Grilled Cheese Bread!”

INGREDIENTS:
* 1-1/2 cups shredded Cheddar cheese
* 1/2 cup butter, softened (one stick)
* 1 tsp. paprika
* 1/4 tsp. garlic powder
* 1 loaf crusty french bread, cut into 3/4″ slices

PREPARATION:

In a small bowl, combine butter, paprika and garlic powder and mix well. Spread this mixture between bread slices. Sprinkle cheese liberally on each slice.  Reform bread slices into a loaf shape and wrap bread in heavy duty aluminum foil, tightly sealing tops and sides.

Place bread on grill opposite coals and grill for 15-20 minutes, turning after 8 minutes, u...

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Passed!

I passed my real estate sales exam!  Now I just need to wait for the confirmation to come in the mail, since I checked online, and I can apply for my license!

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Happy Hedgie #3: I Like Late Night Snacks Edition

Eris was up and snacking at about 11:30 last night, so I snapped a couple quick photos with the trusty cell phone. Take a look at them after the jump.

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