24 December 2009

The rich get richer...

Damian Paletta and James Hagerty have an article in The Wall Street Journal (and you can go subscribe, for two bucks a week, if you want to read the rest of it):
The top regulator for Fannie Mae and Freddie Mac is expected to announce millions of dollars in pay packages for top executives at the government-run mortgage-finance titans, people familiar with the matter said.
The Federal Housing Finance Agency approved compensation plans for Fannie Chief Executive Michael Williams and Freddie CEO Charles Haldeman Jr. Those packages are expected to be in a range of $4 million to $6 million, people familiar with the matter said.

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