Lawmakers on Capitol Hill are up in arms over the news that the Federal Housing Finance Agency (FHFA) approved $ 12.79 million in bonus pay for 10 executives at Fannie Mae and Freddie Mac. Sixty senators put their partisan differences aside and presented a united front in a letter to FHFA Acting Director Edward DeMarco and Treasury Secretary Timothy Geithner, in which they criticized such compensation as “wildly imprudent,” considering the GSEs have received nearly $ 141 billion in taxpayer support over the last two years.
DSNews.com Article Feed