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Treasury Oks Multi-Million $ Salaries for Fannie, Freddie Execs

Posted on December 24 2009 9:57 am
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WASHINGTON — Federal regulators plan to disclose Thursday that the top executives of government-controlled mortgage finance companies Fannie Mae and Freddie Mac each earned between $4 million and $6 million this year, two people briefed on the matter said.

The people, who declined to be identified because the announcement was not yet public, said Wednesday that the pay packages were approved by the Treasury Department and the Federal Housing Finance Agency, which regulates Fannie and Freddie.

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