SEC Sues Ex-CEOs Of Fannie Mae And Freddie Mac For Misleading Subprime Disclosures

From Bloomberg, "Ex-Freddie, Fannie CEOs Sued Over Loans" by David Glovin and Joshua Gallu:

Daniel Mudd, the former chief executive officer of Fannie Mae, and Richard Syron, ex-CEO of Freddie Mac, were sued by the U.S. Securities and Exchange Commission for understating by hundreds of billions of dollars the subprime loans held by the firms.***Also named as defendants are Patricia Cook, Freddie Mac’s former executive vice president; Donald Bisenius, ex-senior vice president at Freddie Mac; Enrico Dallavecchia, who was chief risk officer for Fannie Mae; and Thomas Lund, Fannie’s Mae’s former executive vice president.