FACT SHEET: A Better Bargain for the Middle Class: Housing

[ProSense]

7. Yeah, but

spin sells and facts aren't worth anything.

Fannie, Freddie execs score $100 million payday
http://money.cnn.com/2011/11/15/news/companies/fannie_freddie_executive_pay/


Here is the current CEO:

Timothy J. Mayopoulos is Fannie Mae's president and chief executive officer (CEO), and a member of the company's Board of Directors.

As President and CEO, Mr. Mayopoulos is focused on ensuring that the company continues to manage its legacy issues effectively, while driving the company’s contributions to creating a better housing finance system for the future. Under his leadership, Fannie Mae will continue to play an essential role in funding the market, assisting troubled homeowners, strengthening communities, and repaying taxpayers’ investment in the company.

Mr. Mayopoulos brings more than 25 years of experience to his leadership post. He joined Fannie Mae in April 2009 as executive vice president, general counsel, and corporate secretary and was appointed chief administrative officer in 2010. Prior to joining Fannie Mae, Mr. Mayopoulos was executive vice president and general counsel of Bank of America Corporation. Previously, he served in senior management roles at Deutsche Bank AG, Credit Suisse First Boston, and Donaldson, Lufkin & Jenrette, Inc. Earlier in his career, Mr. Mayopoulos was in private practice. He is a graduate of Cornell University and the New York University School of Law.

http://www.fanniemae.com/portal/about-us/company-overview/leadership/mayopoulos.html#