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- Clinton aide admits soliciting disgraced D.C. fundraiser; says actions were legal
- Joel Osteen church victimized in $600K theft
- Obama goes shopping at Gap as minimum-wage thanks
- N.J. woman charged after client dies from black-market butt injections
- CIA chief Brennan ‘determined’ to speak out more this year
- Reset? What reset? U.S.-Russia ties at worst since Cold War
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- Elephants can tell difference between human languages: study
Treasury cleared way for AIG bonuses
Fannie Mae’s regulator defended the bonuses as a good investment for taxpayers on Wednesday.
“It’s a reasonable and well-thought-out plan,” said James Lockhart, director of the Federal Housing Finance Agency, in a speech in Washington. Keeping top caliber personnel of Fannie and Freddie Mac was critical when the two mortgage-finance companies were taken over in September, he said.
• Amanda Carpenter, Patrice Hill and Tom LoBianco contributed to this report.
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