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Credit Union Journal

Thursday, May 17, 2012, as of 02:55 AM EDT

SEC Charges Fannie, Freddie Lied About Subprime Role

Credit Union Journal Daily Briefing  |  Monday, December 19, 2011

WASHINGTON – Former top executives of Fannie Mae and Freddie Mac were charged Friday in a civil suit by the Securities and Exchange Commission with lying to investors and Congress about the extent of the two mortgage giants’ subprime business during the mortgage meltdown...

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