Fannie, Freddie Ignored Risky Loan Warnings

Fannie Mae and Freddie Mac executives went on the hot seat today over the mortgage meltdown as House members criticized them for ignoring warnings about risky mortgages. Former Freddie Mac chief executives Leland Brendsel and Richard Syron and former Fannie Mae chief executives Daniel Mudd and Franklin Raines were at Capitol Hill for the House Oversight and Government Reform Committee hearing on the causes of the companies' meltdown. "All four of you still seem to be in complete denial that...Full Story
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