The Federal Housing Finance Agency announced that the former CEO’s of Fannie Mae and Freddie Mac will not be walking away with golden parachutes. It was believed following the takeover of the two companies that the CEO’s Daniel Mudd and Richard Syron would walk away with large severance packages. The Federal Housing Finance Agency did not disclose the amount they would receive, or if they would receive anything at all.

Imagine that, CEO’s being held accountable for their actions. Now there is something you rarely see.

This entry was posted on Monday, September 15th, 2008 at 1:12 pm and is filed under Foreclosure. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.