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Public Statements

Rep. Farenthold Calls out Fannie Mae and Freddie Mac Executives for Getting Rich on the Taxpayer's Dime

Statement

By:
Date:
Location: Washington, DC

Congressman Blake Farenthold (TX-27) questioned Michael Williams, President and Chief Executive Officer of Fannie Mae at the House Committee on Oversight and Government Reform Hearing, "Pay for Performance: Should Fannie and Freddie Executives Be Receiving Millions In Bonuses?"

"While hardworking American taxpayers struggle to pay their mortgages, unelected career bureaucrats at Fannie Mae and Freddie Mac take home millions in taxpayer funded bonuses. How these people defend their outrageous salaries with a straight face is shocking. The time for accountability in Washington is now."


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