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Archive Home > 2009 > April > 04 > More big bonuses draw scrutiny

More big bonuses draw scrutiny

Fannie Mae, Freddie Mac set to hand out $210 million in ‘retention bonuses’

By Charles Duhigg / The Bulletin
April 4, 2009

Fannie Mae and Freddie Mac, the two troubled companies at the heart of America’s mortgage market, are set to pay their employees “retention bonuses” totaling $210 million, despite calls from lawmakers to cancel the payments.

The bonuses, which were made public....

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