Fannie Mae and Freddie Mac Oversight
Dec 13, 2011
Senate Committee Banking, Housing and Urban Affairs
Steve Linick testified at an oversight hearing on the Federal Housing Finance Agency (FHFA). He questioned FHFA's decision to award over $35 million in executive bonuses at Fannie Mae and Freddie Mac without conducting an ..
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Steve Linick testified at an oversight hearing on the Federal Housing Finance Agency (FHFA). He questioned FHFA's decision to award over $35 million in executive bonuses at Fannie Mae and Freddie Mac without conducting an independent review. The federal government had spent about $180 billion to support the mortgage companies since 2008. The government estimated the conservatorship could cost $220 billion by 2014.
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