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Re: Fannie Mae and Fannie Mac

By: ribit in POPE | Recommend this post (2)
Mon, 19 Dec 11 7:14 PM | 47 view(s)
Boardmark this board | (The) Pope's for real stock market report

Msg. 48611 of 65535
(This msg. is a reply to 48484 by CTJ)
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ctj
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.

...barnie frank and chris dodd are still at large and considered to be armed and dangerous.

Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!

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The above is a reply to the following message:

Fannie Mae and Fannie Mac
By: CTJ in POPE
Sat, 17 Dec 11 7:22 PM

Msg. 48484 of 65535

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.

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