Ex-Fannie, Freddie executives charged with fraud

The SEC charged six former executives of Fannie Mae and Freddie Mac with securities fraud Friday, saying they misled the public about the companies' exposure to subprime loans during the onset of the mortgage meltdown.

The executives charged in the civil suits include Daniel H. Mudd, former chairman and chief executive of Fannie Mae, and Richard F. Syron, who held the same positions at Freddie Mac.

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David S. Hilzenrath, and Zachary A. Goldfarb 17 Dec, 2011


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Source: http://feeds.washingtonpost.com/click.phdo?i=3eaf5431c2a9fd860b37d8d2c53049bb
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