The U.S. Senate today approved an amendment offered by Senators John McCain (R-AZ) and Jay Rockefeller (D-WV) prohibiting Fannie Mae and Freddie Mac executives from receiving future multi-million dollar bonuses as long as the government-backed mortgage companies remain in federal conservatorship. It was recently reported that the Federal Housing Finance Agency approved $12.8 million in bonuses to ten top Fannie and Freddie executives. “Today’s vote in the Senate to stop high-paid … [Read more...] about McCain-Rockefeller Amendment Passes Senate