Senate Adopts Measure to Bar Fannie Mae, Freddie Mac Bonuses

Thursday, 02 Feb 2012 05:47 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

Feb. 2 (Bloomberg) -- The U.S. Senate adopted an amendment to prohibit bonus payments for executives at government- controlled mortgage firms Fannie Mae and Freddie Mac.

The Senate adopted by voice vote an amendment to include the bonus ban in a measure currently under debate aimed at limiting conflicts of interest and expanding disclosure of investments made by lawmakers and their staffs.

Fannie Mae and Freddie Mac have cost U.S. taxpayers more than $150 billion in aid since 2008, when they were taken into conservatorship as they teetered on the brink of collapse after investing in risky mortgages.

To contact the reporter on this story: Phil Mattingly in Washington at pmattingly@bloomberg.net

To contact the editor responsible for this story: Maura Reynolds at mreynolds34@bloomberg.net

© Copyright 2014 Bloomberg News. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

9 Days In, No Contact with Trooper Slaying Suspect

Sunday, 21 Sep 2014 10:11 AM

 . . .

Feds Censure Local Police as Pentagon Hands Out Lethal Weapons

Sunday, 21 Sep 2014 07:55 AM

A Pentagon program that distributes military surplus gear to local law enforcement allows even departments that the Just . . .

Huge Northern California Wildfire Keeps Growing

Sunday, 21 Sep 2014 07:15 AM

As an expanding wildfire in Northern California kept nearly 3,000 people from their homes, teams sought to find out how  . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved