Hot Air » Blog Archive » Why are we paying legal bills for Fannie Mae execs?


Hot Air » Blog Archive » Why are we paying legal bills for Fannie Mae execs?:
“American taxpayers have already bailed out Fannie Mae to the tune of at least $45 billion, thanks to the congressionally-mandated purchase of sub-prime loans and conversion to mortgage-backed securities that poisoned the global financial markets and caused the current economic crisis. Now American taxpayers will get to bail out the executives who created the crisis by paying their legal bills. That includes at least one executive who hasn’t worked for Fannie for five years and left under a cloud of suspicion for fraud and corruption:”


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