Former Fannie Mae and Freddie Mac Executives Charged with Securities Fraud

Former Fannie Mae and Freddie Mac Executives Charged with Securities Fraud

Former Fannie Mae CEO Daniel Mudd (L) and Former Freddie Mac CEO Richard Syron (R) were 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. There are shown in March 18, 2008 file photo. UPI/Kevin Dietsch/Files