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Garrett: Crony Capitalism is Alive and Well at FHFA
Rep. Scott Garrett (NJ-05), Chairman of the House Financial Services Capital Markets and Government Sponsored Enterprises Subcommittee, issued the following statement in response to the Federal Housing Finance Agency’s (FHFA) decision to raise the compensation for the CEOs of Fannie Mae and Freddie Mac from $600,000 to $4 million