November 23, 2010 – (RealEstateRama) — “Today I sent a letter to FHFA Acting Director DeMarco asking him to provide a full and clear accounting of taxpayer dollars being expended for lawyer’s fees and related legal activities for Fannie Mae and Freddie Mac, including former executives who are the subject of ongoing class action lawsuits. Now that the taxpayers are on the hook for the operations of Fannie and Freddie I want to be certain that their money is being used in the most responsible manner possible. Among other things, I am concerned that the taxpayers are stuck picking up the tab for ongoing legal counsel for the very executives who drove the GSEs into conservatorship in the first place.
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