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Lawmakers Consider Finances at Fannie & Freddie

Washington, DC
Tuesday, December 13, 2011

The Senate Banking Committee heard from the Inspector General of the Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac. The two government-sponsored-entities have come under scrutiny for what they pay their executives and what steps they're taking to minimize their dependence on taxpayer money.

FHFA Director Edward DeMarco testified at a hearing in November on these subjects, telling the same committee that he supported the current compensation plan for Fannie and Freddie executives, though he "understands the concerns of Congress."

 

Updated: Tuesday, December 13, 2011 at 4:46pm (ET)

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