From Bloomberg:March 20 (Bloomberg) -- Retention bonuses for senior executives at Fannie Mae and Freddie Mac should be canceled or recouped, House Financial Services Committee Chairman Barney Frank told the companies’ federal regulator.
The public insists “rightfully” that large bonuses to executives at companies receiving government aid must stop, Frank, a Massachusetts Democrat, said in a letter to Federal Housing Finance Agency Director James Lockhart today.
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