Posted inFinance, Financial Reform Watch, Inequality

As Fannie, Freddie flounder, six top execs receive handsome rewards

Over the last two years, the Obama administration has approved a whopping $34.4 million in compensation to the top six executives of the financially troubled Fannie Mae and Freddie Mac mortgage giants while lacking basic protections to ensure such compensation is warranted, a federal watchdog found. The largesse flowed to the six executives even though […]