GT500-07 Posted November 6, 2008 Report Share Posted November 6, 2008 figures When the government took over mortgage giants Fannie Mae and Freddie Mac, taxpayers inherited more than just bad debts. They're also potentially on the hook for tens of millions of dollars in legal fees for the executives at the center of the housing market's collapse. With the Justice Department investigating companies involved in the mortgage and financial meltdown, executives around the country are hiring defense lawyers. Like many large companies, Fannie and Freddie had contracts promising to cover legal bills for their executives. http://news.yahoo.com/s/ap/20081106/ap_on_...ltdown_who_pays Link to comment Share on other sites More sharing options...
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