Friday, March 11, 2011

Former Fannie Mae CEO Receives SEC Wells Notice Over Subprime Disclosures

From Bloomberg's "Fannie Mae Ex-CEO May Face SEC Claims in Subprime Probe" by Joshua Gallu and Dawn Kopecki:
Daniel Mudd received notice from U.S. regulators that he may face claims for misleading investors about Fannie Mae’s exposure to subprime loans when he ran the mortgage firm during the financial crisis.

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