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The pay was approved by the housing finance agency, which is charged with conserving the assets of Fannie and Freddie on behalf of taxpayers.
FHFA, which is charged with conserving the assets of Fannie and Freddie on behalf of taxpayers, worked with the Treasury Department to secure pay packages for the two firms' executives in December 2009.
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FHFA continues its analysis and continues its discussions with the Treasury Department.... FHFA has a duty to ensure the Enterprises provide assistance to troubled homeowners and FHFA has a duty to conserve the assets and property of the Enterprises so as to protect taxpayers.
Given our multiple responsibilities to conserve the assets of Fannie Mae and Freddie Mac, maximize assistance to homeowners to avoid foreclosures, and minimize the expense of such assistance to taxpayers, FHFA concluded that HAMP PRA did not clearly improve foreclosure avoidance while reducing costs to taxpayers relative to the approaches in place today.
He told Congress that "FHFA has a statutory responsibility to preserve and conserve the enterprises' assets".
"The point is to conserve these assets and maximise the benefits to the island and coastal communities most closely involved with them.
This is about conserving the street value of Salmond the brand for the general election; it's the SNP's strongest and most valuable asset.
It's conserving the Constitution".
The move was aimed at "conserving" the documents, it said.
The biggest challenge in conserving the Asian elephant?
Conserving the "Failed Policies of the Past".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com