The Federal Housing Finance Agency, the government regulator for Fannie and Freddie, approved $12.79 million in bonus pay after 10 executives from the two government-sponsored corporations last year met modest performance targets tied to modifying mortgages in jeopardy of foreclosure. The executives got the bonuses about two years after the federally backed mortgage giants received [...]
In what is clearly becoming more of the same old song and dance from Washington D.C., early morning television shows across the nation excitedly announced that the White House had forced GM CEO, Rick Wagoner, to resign from his position at the head of one of the financially troubled Big Three U.S. automakers. What would [...]
