Summary
WASHINGTON -- Two Democratic lawmakers on Tuesday said the $24 million in pay awaiting Fannie Mae's and Freddie Mac's departing chief executives should be reduced by the federal agency that just took control of the mortgage finance companies.
Sens. Charles Schumer, D.-N.Y., and Jack Reed, D-R.I. -- both of whom sit on the Senate's banking committee -- said the financial mismanagement that led the government to take over the companies on Sunday justifies such a move.See the full content of this document
Extract
Will Fannie, Freddie Ceos Get $24m?
"We find it way out of line that these two executives will be rewarded with millions of dollars i...
See the full content of this document
Sponsored links
