Fannie & Freddie Out Of Pay Limit?
U.S. pay czar Kenneth Feinberg said on Wednesday that Mortgage finance giants Fannie Mae (FNM) and Freddie Mac (FRE) are being discriminated, with respect to pay restrictions, from other companies receiving significant financial support from the government as they countenance a unique set of problems.
The pay czar, who decides compensation-packages for the highest-paid employees at all the firms that received bailout money and have not repaid yet, considers the situation of Fannie … [visit site to read more]
