Kevin G. Hall, McClatchy Newspapers: "The Securities and Exchange Commission announced a dramatic lawsuit alleging that six former top executives of mortgage finance titans Fannie Mae and Freddie Mac committed fraud by authorizing misleading statements about their balance sheets. Fannie and Freddie were congressionally chartered private companies with implicit government backing until they were put into government receivership by the Bush administration in September 2008 ... Fannie and Freddie together own or back more than half of the nation's mortgage debt."
Read the Article
No comments:
Post a Comment