Take that, Fannie and Freddie Executives!
With Congress back in town this week, the legislation spigot has been turned back on.
A new one – strictly reactive to the latest headlines – is H.R. 6864, which would prohibit golden parachute payments for former executives and directors of Fannie Mae and Freddie Mac.
Take that! – you capitalizers on the billions of dollars in institutional risk that we in Congress allowed you to accrue and profit from for oh so many years. We hope you’ve learned your lesson!
Here’s the current vote on H.R. 6864. Click to vote, comment, learn more, or edit the wiki article on the bill.