Posts with tag Senate Banking Committee

Congress Targets Exec Bonuses At Fannie and Freddie

WASHINGTON -- Congress is seeking to end the practice of paying million-dollar bonuses to executives at government-controlled mortgage giants Fannie Mae and Freddie Mac. The House Financial Services Committee approved legislation Tuesday that would suspend tens of millions in Fannie and Freddie executive compensation... Continue Reading »

Investment Banks Are Afraid of Your Mortgage

While House reps sleep in after their weekend health care marathon, this afternoon the Senate Banking Committee starts poring over the financial reform bill introduced by Senator Christopher Dodd (D-CT). A little detail in there is set to have a huge impact. It boils down to a prudent bit of behavior known colloquially... Continue Reading »

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