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Volume 9 - Number 5

March 3, 2010

Lawmakers Slam, DeMarco Defends GSE Exec Comp

House Financial Services Committee members of both parties were sharply critical last week of the multi-million-dollar pay packages awarded to the CEOs of Fannie and Freddie late last year.“The $6 million pay packages given to each of their CEOs...represents just one example of what happens when the federal government is given the responsibility for regulating compensation,” said Rep. Spencer Bachus...

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Poll

The Consumer Financial Protection Bureau is completing its first six months of operation. Based on the agency’s regulatory pronouncements and announcements to date, how do you think the agency is doing?

It’s doing a good job of balancing consumer protections with regulating the mortgage industry.
It’s too early to tell what kind of job the CFPB is doing.
It’s not needed and should be closed down.

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