SEC, Fannie And Freddie: MD&A Overload?

Law360, New York (April 15, 2011, 1:59 PM EDT) -- It has been widely reported that the U.S. Securities and Exchange Commission is considering enforcement actions against more former officers of the Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC). There is much speculation that the SEC may bring civil fraud charges alleging the failures of the managements of FNMA and FHLMC to adequately communicate the risks associated with its holdings of subprime and Alt-A mortgages and mortgage derivatives.

Naturally, when allegations of this nature are being bandied about, an interested observer...
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