These criminal legislators created and hid the mess while Raines danced away with $86 million on his way out.
Ex-Freddie, Fannie Chiefs Sued by SEC 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 agencies.
franklin raines allowed the enron-style accounting practices that was used. it's practices was the overstating of it's earnings and under-estimate it's risks. although he settled a suit with the feds , in which he claimed no wrong doing he got away with millions
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