Lawmakers slam Fannie Mae Freddie Mac CEOs big bonuses

Episode of: All You Need To know Radio

< Back to All You Need To know Radio
Dec 9, 20111h 1m
12
Lawmakers slam Fannie Mae Freddie Mac CEOs big bonuses
Dec 9 '111h 1m
Play Episode

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 up a similar measure. Lawmakers say the legislation limiting pay at the bailed-out firms could be sent to President. SPONOR: www.texaslending.com

0:00 / 0:00