National Security Adviser Tom Donilon collected more than $148,000 in
pension payments from bailed out mortgage giant Fannie Mae in 2011, on
top of his White House salary of $172,200, according to a Free Beacon analysis of White House personal financial disclosure forms.
Donilon netted more than $320,000 in income in 2011 between the two taxpayer-funded sources, including monthly payments totaling $12,391 as part of Fannie Mae’s “Executive Pension” and “Qualified Benefit” plans, the documents show.
“Most taxpayers are struggling to make ends meet. Yet, Mr. Donilon is still profiting from his work during the Fannie Mae buildup of the housing bubble that led to a recession and massive taxpayer bailouts,” said Sen. Jim DeMint (R., S.C.) in a statement to the Washington Free Beacon.
“We find it fairly unsurprising an Obama adviser is double-dipping the public coffers,” said Mattie Duppler, government affairs manager at American for Tax Reform. “After all, after trillion-dollar deficits for four years running, what’s a few hundred thousand?”
The optics of the arrangement were especially troubling, Duppler added, given that Donilon’s taxpayer-funded income is “three times what the average middle class taxpayer in making.”
A spokesperson for the National Security Council did not respond to questions about whether Donilon is still receiving Fannie Mae pension payments as of this year, and whether Donilon has participated in any discussions about the transfer of federal funds to Fannie Mae.
Read more: http://freebeacon.com/donilon-double-dips/
Donilon netted more than $320,000 in income in 2011 between the two taxpayer-funded sources, including monthly payments totaling $12,391 as part of Fannie Mae’s “Executive Pension” and “Qualified Benefit” plans, the documents show.
“Most taxpayers are struggling to make ends meet. Yet, Mr. Donilon is still profiting from his work during the Fannie Mae buildup of the housing bubble that led to a recession and massive taxpayer bailouts,” said Sen. Jim DeMint (R., S.C.) in a statement to the Washington Free Beacon.
“We find it fairly unsurprising an Obama adviser is double-dipping the public coffers,” said Mattie Duppler, government affairs manager at American for Tax Reform. “After all, after trillion-dollar deficits for four years running, what’s a few hundred thousand?”
The optics of the arrangement were especially troubling, Duppler added, given that Donilon’s taxpayer-funded income is “three times what the average middle class taxpayer in making.”
A spokesperson for the National Security Council did not respond to questions about whether Donilon is still receiving Fannie Mae pension payments as of this year, and whether Donilon has participated in any discussions about the transfer of federal funds to Fannie Mae.
Read more: http://freebeacon.com/donilon-double-dips/
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