The House Financial Services Subcommittee on Oversight and Investigations is looking into the generous pay packages for the ceos of the government-sponsored enterprises. Michael Williams and Ed Haldeman, who head Fannie Mae and Freddie Mac, respectively, each received compensation packages of up to $6 million in 2009. Rep. Randy Neugebauer, (R-Texas), a member of the panel, said the purpose of the hearing on compensation is to make sure executives put the interest of taxpayers, who pick up the tab for their salaries, as their top priority.
