$3 MILLION?!!! Now, it may not be Mayopoulos or Layton that originally created the scheme – but for sure they know what is going on. Fannie and Freddie are 2 of the originators of the MERS blur. Fannie owns the 1003 application software patent that links the entire system to the casino. Wouldn’t you love to see their financial disclosure forms?!
The chief executive officers of Fannie Mae and Freddie Mac will have to wait two more weeks to see if Congress will vote to install limits on their compensation, after a busy Congressional calendar delayed a scheduled vote on the compensation packages of Fannie Mae CEO Timothy Mayopoulos and Freddie Mac CEO Donald Layton.
The House of Representatives was due to vote last week on limiting the pay of the Fannie and Freddie CEOs, but that vote was delayed by a combined house budget vote, a vote on reopening the federal Export-Import Bank, and a vote on electing Rep. Paul Ryan, R-Wis., as the newSpeaker of the House.
Now, the vote on limiting the pay of the GSE CEOs is tentatively scheduled for the week of Nov. 16, according to the office of Rep. Ed Royce, R- Calif., who authored the House’s Equity in Government Compensation…
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