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Fannie Mae and Fannie Mac 

By: CTJ in POPE | Recommend this post (3)
Sat, 17 Dec 11 7:22 PM | 53 view(s)
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Msg. 48484 of 65535
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WASHINGTON -- The Securities and Exchange Commission has brought civil fraud charges against six former top executives at Fannie Mae and Freddie Mac, saying they misled the government and taxpayers about risky subprime mortgages the mortgage giants held during the housing bust.

Those charged include the agencies' two former CEOs, Fannie's Daniel Mudd and Freddie's Richard Syron. They are the highest-profile individuals to be charged in connection with the 2008 financial crisis.

Mudd, 53, and Syron, 68, led the mortgage giants when the housing bubble burst in late 2006 and 2007. The four other top executives also worked for the companies during that time.

The case was filed in federal court in New York City.
http://www.foxnews.com/politics/2011/12/16/sec-charges-ex-fannie-freddie-ceos-with-fraud/


They missed Gorelick, Raines,Johnson,Sen Dodd, and Barney Frank and his boyfriend.


Democrat Party. The party of Misery, Violence and Hate.


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