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The SEC sues several former executives of Fannie Mae and Freddie Mac, including former Fannie...

The SEC sues several former executives of Fannie Mae and Freddie Mac, including former Fannie CEO Daniel Mudd and former Freddie CEO Richard Syron, alleging they misrepresented to investors their exposure to subprime mortgage loans. The agencies do not admit or deny any wrongdoing, and agree to cooperate with the SEC's litigation.
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Comments (4)
  • kwm3
    , contributor
    Comments (2443) | Send Message
    get on more of these guys--corzine said MF's future was brighter than ever publicly 7 days before it filed. A CEO should know facts or understand finance before making any positive assertion.
    16 Dec 2011, 11:36 AM Reply Like
  • Caladesi Kid
    , contributor
    Comments (186) | Send Message
    Wonderful! About time! Now, when the SEC sues Franklin Raines then we know this is not a political charade for the media. Otherwise the SEC is just participating in election year window dressing.
    16 Dec 2011, 12:10 PM Reply Like
  • Bill S. Friend
    , contributor
    Comments (717) | Send Message
    The SEC does not have to offer any immunity from prosecution when sub-prime exposure was ten times the stated amounts. The SEC continues enabling its errant children who accept no consequences.
    16 Dec 2011, 12:10 PM Reply Like
  • TomasViewPoint
    , contributor
    Comments (4842) | Send Message
    They should probably sue all the execs going back 10 to 20 years for false statements and then running the companies off the cliff by taking on ridiculous risk all in the name of their charter. When they issued stock to the public their responsibility was to the shareholders.
    17 Dec 2011, 12:31 PM Reply Like
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