Freddie Mac’s top executives made out fairly well for themselves in 2004 – especially given that the company’s earnings dropped 40 percent below the previous year and the firm still faces prodigious political, regulatory and management challenges. According to Freddie’s 2004 annual proxy statement, which was released this week, CEO Richard Syron earned $4.1 million in salary and bonuses last year, plus another $5.0 million in restricted stock awards and options. Eugene McQuade, Freddie’s president…