Baker Outlines Threats from Fannie Mae On Releasing Compensation Data on GSE
October 8, 2004
In light of recent allegations of compensation manipulation at Fannie Mae, Congressman Richard Baker, R-LA, this week publicly released detailed information on the pay handed out to the top 20 executives at both Fannie Mae and Freddie Mac. “About a year ago, I corresponded with the [Office of Federal Housing Enterprise Oversight] director’s office making inquiry about the levels of executive compensation at the enterprises for the top 20 executives. This is information that had