The chairman of the House Committee on Oversight and Government Reform wants to know why lending giants Fannie Mae and Freddie Mac are still paying the legal bills for their former executives.
Those bills have run well into the millions of dollars — $24.2 million to defend the former executives and $160 million overall to defend them and the companies in various lawsuits, The New York Times reported this month. In September 2009, The American Lawyer outlined some of the firms that were getting the work at that time, including Jenner & Block, Latham & Watkins, Mayer Brown, O’Melveny & Myers, Williams & Connolly and Zuckerman Spaeder.
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