Detailed text transcripts for TV channel - FOXNEWS - 20111216:15:37:00
Freddie mac, six of them, three from each company including the former ceo of fanny mae, dan mudd and the former ceo of freddie mac dick siren here over subprime mortgages over things they wrote in 200 fix, 2007, 2008. these executives made lots of money. the securities and exchange commission now suing them and saying basically they defrauded investors here and they say that the fannie and freddie executives told the world that their subprime exposure because substantially smaller than it really was. these were material misstatements of the company's finances back at that time and these execu...
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