Bob Hagerty in the Wall Street Journal says they will make $6 million each. This is absurd–they are now government agencies. It would not be unreasonable to cap GSE CEO pay at the President’s pay (by that I mean the US President). I would even let them have a rent-free house. I could even see giving them a bunch of shares, so if by some miracle the GSEs became going concerns again, the CEO would benefit. But the current arrangement is bizarre.

Posted in Real Estate Financing | Tags: Real Estate Financing
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