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Raises for Fannie, Freddie CEOs Draw Attacks From White House

President Barack Obama’s administration has joined Democratic and Republican lawmakers in attacking potential raises for the top executives of Fannie Mae and Freddie Mac.

“The reason these entities are different than some of the financial entities you see in the private sector is they benefit significantly from a backstop that is provided by the taxpayer,” White House press secretary Josh Earnest told reporters Tuesday at a briefing in Washington.