WASHINGTON -- The U.S. government regulator for Fannie Mae and Freddie Mac must do a better job limiting legal expenses paid by the two mortgage giants to their former executives facing lawsuits, a new watchdog report says. A report issued Wednesday by the inspector general for the Federal Housing Finance Agency says Fannie and Freddie together have paid more than $109 million in legal expenses for former executives since 2004, with Fannie covering more than $99 million for just three top officials. Taxpayers are footing the bill: The bailouts of the two companies have so far cost about $150 billion and that figure continues to grow.
Wednesday, February 22, 2012
Fannie and Fredie spending $104 million on ex-executives (& we pay for it)
From Huffington Post:
