Ex-Fannie Mae CEO Calls SEC's Subprime Fraud Suit 'Absurd'
By Joe Van Acker ( January 27, 2016, 3:30 PM EST) -- A former Fannie Mae CEO accused of concealing the size of the mortgage lender's subprime portfolio prior to the 2008 economic collapse told a New York federal judge Wednesday that the U.S. Securities and Exchange Commission's allegations are "absurd" and that the agency has no proof....
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