Fannie Mae, Freddie Mac Execs Accused of Fraud
U.S. government investigates mortgage bosses for financial recklessness.
Former Federal Reserve Chairman Alan Greenspan Concedes He Made Mistakes That Led to Financial Crisis
The government's push to pinpoint the causes of the financial meltdown and prevent another crisis is expected to move forward this week when a bipartisan panel appointed by Congress will grill over a dozen high-profile officials, including former Federal Reserve Chairman Alan Greenspan. The
Read an Excerpt From 'On the Brink: Inside the Race to Stop the Collapse of the Global Financial System,' by Henry M. Paulson Jr.
Academics: Greed, Competition and Lack of Information Kept the Subprime Train Rolling
CEOs of Fannie Mae and Freddie Mac Earned Roughly $30 Million in Salary Last Year
Lawmakers are poised to trade barbs Tuesday about who deserves most of the blame for the collapse and government takeover of mortgage finance titans Fannie Mae and Freddie Mac. The two companies, which were seized by federal regulators in September, have become highly charged political targets in
The former heads of Fannie Mae and Freddie Mac told Congress on Tuesday that the firms bought questionable mortgages to keep pace with rivals despite subordinates' repeated warnings of risks to the companies, borrowers and the economy. "If it had not done so, it could not have remained competitive
Fannie and Freddie Execs Defend Their Decisions as House Members Question Motives
Appointment Raises Questions About New Adminsitration's Pledge to Change Washington