Former Fannie Mae and Freddie Mac Executives Charged with Securities Fraud
Former Fannie Mae CEO Daniel Mudd was charged with securities fraud by the Securities and Exchange Commission, alleging they misled investors about sublime mortgages, on December 16, 2011 in lawsuits files in New York. Six Fannie Mae and Freddie Mac executives were charged. Mudd is shown as he testifies before a House Oversight and Government Reform Committee about the roles of Fannie Mae and Freddie Mac in the financial and mortgage crises on Capitol Hill in Washington on December 9, 2008. UPI/Roger Wollenberg/Files
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