Lawmakers slam Fannie Mae Freddie Mac CEOs big bonuses

Lawmakers slam Fannie Mae Freddie Mac CEOs big bonuses

0 0 8 years ago
Congress is seeking to end the practice of paying million-dollar bonuses to executives at government-controlled mortgage giants Fannie Mae and Freddie Mac.
The House Financial Services Committee approved legislation Tuesday that would suspend tens of millions in Fannie and Freddie executive compensation packages, stop future bonuses and align their salaries with other federal employees who make much less. The vote was 52-4, with strong support from both parties.
The Senate is expected to take ... See More

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