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Lawmakers on Capitol Hill are starting to sound off in Republican senators John -- in John -- are looking to take action.
American taxpayers hard working American families.
Have paid a 170 billion dollars to bail out.
Fannie and Freddie and now we find out the ten of the executives there.
Have gotten a total of twelve million dollars in bonuses with a get bonuses for.
Things that have been called moderate improvements that's it you know this is a country where you work hard you play by the rules you do well but.
A million dollar bonus for a moderate improvement this is absolutely wrong the American taxpayers.
Are outraged I've been hearing for people at home and across the country.
They think and I believe that the president.
Needs to cancel these bonuses Press Secretary Jay Carney was asked about this and he essentially said the White House cannot do anything about it.
Well and when Barack Obama was a candidate running for president he called on the White House and called on the Treasury Department specifically to do something about it.
So if you believe something could be done about it back then then something absolutely should be done right now and hardworking American taxpayers.
Deserve to have that.
We do not need excuses for failure and rewards for failure.
To give millions in bonuses for.
What are just modest improvements is absolutely wrong and it goes away the -- as Americans think in terms of our vision for the country sooner what's the next step for you in this issue.
Well we're gonna -- -- get as many senators as we can on a letter to the acting director at the federal housing finance administration mr.
Basically asking him to rescind the section.
And hoping that will be able to get a good bipartisan representation from the United States senate on the record saying.
If you fail to correct this congress will take action.
Two to force it.
And so that's something that we work on today and tomorrow and hopefully be able to get that letter out you're literally holding that now I -- yeah -- that -- go to FHFA.
Tomorrow it's saying we hope to yeah we're looking we're shooting for obviously takes a little while to get as many.
Senate offices as we can contacted but we want the senate to be on record.
That we disapprove of what's been done and we want that action reversed do you believe that this issue.
Should be a part of the 2012 discussion do you believe it'll be something that may actually hurt President Obama if he decides not take action.
I think it's it's part of the subtext of the that Tony twelve obviously you weren't -- political season here we're.
We're heading into -- political season based upon the the campaigns are already underway in the way the president's campaigning around the country on his bus tour.
He's clearly in campaign mode and so I think that this is the the context in which.
The 2012 campaign.
In the campaign issues is going to be debated and when you've got a culture in Washington DC that appears to be this far out of touch.
With the average American and hardworking taxpayers in this country you -- a major problem and I think that the president if he's Smart.
Will -- -- -- cracked quickly.
Now we reached out to the Federal Housing Finance Agency which oversees Fannie Mae and Freddie Mac for comment they issued us this statement.
Quote these are not rewards for the individuals who are running the company's.
When the problems were created Fannie Mae and Freddie Mac have more than five trillion dollars in mortgage assets all of which are -- risk to taxpayers.
It is critical that we protect taxpayers by having highly qualified executives running these companies.
We also reached out to representatives directly at Fannie Mae and Freddie Mac both declined to comment in neither were willing to go on the record.
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