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Obama objects to severance for ousted CEOs

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'Under no circumstances should the executives of these institutions earn a windfall at a time when the U.S. Treasury has taken unprecedented steps to rescue these companies with taxpayer resources,' Obama said in a letter to Treasury Secretary Henry Paulson and Federal Housing Finance Agency Director James Lockhart. 'I urge you immediately to clarify that the agreement with Fannie Mae and Freddie Mac voids any such inappropria

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AMEN! by Zena Princess on Wednesday, Sep 10, 2008 at 7:09:50 PM
I heard Congress is thinking of asking for a hearing by Margaret Bassett on Wednesday, Sep 10, 2008 at 10:27:56 PM