[0:06] ..." A mortgage meltdown. Stock prices for two of the nation's giant lenders plummet amid fears about the historic downturn in the housing market. Still the CEO of Fannie Mae and Freddie Mac are bringing in huge salaries. Daniel Mudd Fannie may more than twelve million dollars in salary and bonuses and long term incentives last year and Freddie Mac's Richard -- got ten and a half million last. It's not appropriate for people will be making. Ten million dollars. If they are reliant on a potential. Help from this from the yet taxpayers -- the two companies were created by congress to help provide mortgage funding with the understanding that the government. It's the taxpayers would back them up financially if they got in trouble. That hasn't happened yet but democratic congressman Barney frank wants to regulate how much the top executives of Fannie and Freddie Mac you'll -- anybody taken an oath of poverty. But I believe that they're paying at a level of a couple of million dollars a year three million dollars a year. That's going to get to the talent -- But both companies are privately run trade on the open market. They tell CNN they're executives' stock awards dropped last year because the firm's stock prices went down. A Freddie Mac officials said that company's board believes Richard -- salary is justified because he led them to a greater share of the mortgage"...

[1:45] ..." market. And they're as important if not more important than than any Wall Street firm. And we want to Desmond points out the Fannie and Freddie exact make much less than the CEO of many Wall Street. "...

[2:00] ..." to have more control over these lenders. Under Barney Frank's bill if Freddie Mac and Fannie -- tap into the government's proposed expanded line of credit meaning more potential money from taxpayers. Their shareholders and executives would not be paid dividends if the stock prices of those companies go back up. Brian Todd CNN Washington."...