Fannie, Freddie employees don't need outsized pay
Get used to it
Whatever their quasi-private sector past, they’re now managing Uncle Sam’s money. The Treasury secretary and the Fed chairman take home just under $200,000. There’s no reason for dozens of housing agency staff to pocket multiples of that. Pay scale reductions are overdue.
This content is for Subscribers only
To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.