SEC Sues Former GSE Chiefs Over Nonprime Disclosures

The Securities and Exchange Commission on Friday sued Richard Syron, the former chief executive officer of Freddie Mac, and Daniel Mudd, ex-CEO of Fannie Mae, over disclosures they made about subprime assets the GSEs invested in.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_498/sec-sues-former-gse-chiefs-1027906-1.html

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