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Old December 16th, 2011, 10:45 AM   #1
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Joined: Jan 2009
From: US
Posts: 5,841

SEC sues former Freddie, Fannie CEOs

Six former top executives at Fannie Mae and Freddie Mac were sued by regulators, who said they misled investors over the mortgage finance companies' exposure to risky home loans in the lead-up to the 2008 financial crisis.
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Old December 19th, 2011, 06:54 PM   #2
Joined: Feb 2011
From: Canada
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Uh, where were the REGULATORS when all of this was happening? Hmmmm? The US government should sue THEM. Oh, wait, shouldn't the American people sue the US government who FORCED financial institutions into giving out ridiculous loans for homes as part of their plan to make the American Dream available for all Americans? Oh, wait, the American people WANTED that. Then the government should sue the American people for demanding such ridiculous regulations in the first place... oh never mind. Too many people to sue.
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