Now Fannie & Freddie bonuses

Discussion in 'Wall St. News' started by power, Mar 21, 2009.

  1. power


    Fannie, Freddie Regulator to Stand Behind Retention Bonuses

    March 20 (Bloomberg) -- The regulator for Fannie Mae and Freddie Mac said he still supports the companies’ retention bonuses for senior executives.

    “The loss of key personnel would be devastating to the companies and to the government’s efforts to stabilize the housing system,” Federal Housing Finance Agency Director James Lockhart said in a letter today to House Financial Services Committee Chairman Barney Frank. “FHFA initiated these programs prior to conservatorship as we and our advisors agreed that they were critical to a successful conservatorship. I still believe that.”