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Fannie, Freddie Brushed Off Subprime Warnings

Companies ignored risk experts for years

By Kevin Spak, Newser Staff

Posted Dec 9, 2008 8:36 AM CST

(Newser) – Fannie Mae and Freddie Mac can’t say they weren’t warned. Internal documents obtained by the Washington Post show that both companies had internal factions who stressed the dangers of subprime mortgages several years ago. At Freddie Mac, the former chief enterprise risk officer... Read full story »

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Fannie, Freddie Brushed Off Subprime Warnings

Companies ignored risk experts for years

subprime mortgages • Freddie Mac • Fannie Mae • Richard Syron • subprime crisis • House Committee on Oversight and Government Reform • Daniel Mudd

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