51. Fannie Mae Documents Cast Doubt On U.S. Acts.
- Author
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MORGENSON, GRETCHEN
- Subjects
- *
DEPOSITIONS , *STOCKHOLDERS' derivative actions , *FINANCIAL bailouts , *GOVERNMENT agencies , *FINANCE , *ECONOMICS , *ACTIONS & defenses (Law) ,UNITED States politics & government, 2009-2017 - Abstract
The article discusses a shareholder lawsuit that was filed in the wake of the U.S. government's decision to change the terms of a 2008 bailout agreement involving the Fannie Mae and Freddie Mac mortgage finance companies, and it mentions how the deposition of former chief financial officer Susan McFarland reveals that Fannie Mae had achieved sustainable profitability as of 2012. The U.S. Justice Department's claims about the finances of Fannie Mae and Freddie Mac are assessed.
- Published
- 2016