Regulator says Fannie, Freddie bonuses necessary
By The Associated Press
Published: November 15,2011
WASHINGTON — The government regulator of Fannie Mae and Freddie Mac said Thursday that million-dollar bonuses paid to executives at the companies were necessary to keep the mortgage giants running. Edward DeMarco, the acting director of the Federal Housing Finance Agency, sent a letter to U.S. lawmakers that paying a total of $12.8 million in [...]
