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No More Lavish Bonuses on Taxpayer Dime

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Uploaded by on Nov 15, 2011

http://twitter.com/#!/FinancialCmte

Fannie Mae and Freddie Mac have received more than $170 billion in taxpayer-provided bailout funding since the two government sponsored enterprises entered Federal conservatorships in September 2008. In April, a report from the inspector general of the Federal Housing Finance Authority revealed that the top six executives at Fannie and Freddie had been paid more than $35 million since the bailout. Earlier this month, it was reported that 10 executives of the bailed out enterprises were awarded $12.79 million in bonus pay.

For more information, visit: http://financialservices.house.gov/News/DocumentSingle.aspx?DocumentID=268167

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  • What is it about a southern accent.... It just makes me want to turn off the sound.

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