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Fannie, Freddie Execs Get Big Bucks Despite Downturn04:07Download


Sure the past year was a tough one for the millions of Americans who lost jobs or faced foreclosure, but at least some people did well. The top executives of bailed-out mortgage finance giants Fannie Mae and Freddie Mac were paid very large salaries — without proper written procedures or analysis, according to an inspector general's report.

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