Thus far, the two companies have received $111 billion in federal assistance, well short of the $400 billion cap. Simple math suggests that the Obama Administration might be anticipating aid in excess of $300 billion will be necessary.
In a statement, the Treasury Department has said the open-ended commitment is to assure markets of the government's support. Treasury did not return a call to GlobeSt.com in time for publication.In a separate measure, Fannie Mae and Freddie Mac have receivedapproval to pay $42 million in compensation to top executives at theorganizations, with as much as $6 million each to the chief executives– news that has infuriated some in Congress. Many expect Congress and the Obama Administration to take up GSE reform once health care is out of the way.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
