The Conservative Cave
Current Events => Breaking News => Topic started by: bijou on March 02, 2009, 11:53:42 AM
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(http://news.sky.com/sky-news/content/StaticFile/jpg/2009/Mar/Week1/15232597.jpg)
Freddie Mac boss David Moffett has quit the American mortgage giant just six months after taking charge, the company has announced.
The board, in a statement, said it was working with its regulatory overseer, the Federal Housing Finance Agency, to find a successor.
Freddie Mac, and its larger sibling, Fannie Mae, were both taken over by the US government in September.
Mr Moffett said he wanted to return to a role in the financial services industry, where he worked from 1993 to 2007. He was vice chairman and chief financial officer of US Bancorp.
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link (http://news.sky.com/skynews/Home/Business/Freddie-Mac-Boss-David-Moffett-Quits-After-Just-Six-Months-In-Charge/Article/200903115232569?lpos=Business_Second_World_News_Article_Teaser_Region_1&lid=ARTICLE_15232569_Freddie_Mac_Boss_David_Moffett_Quits_After_Just_Six_Months_In_Charge)
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And I'm sure the prospect of the compensation rules changing to his great disadvantage had nothing whatsoever to do with it...
:uhsure:
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what about the guy that's actually responsible for freddie and fannie failing?
(http://www.towardequality.org/Corey-&-Barney-Frank.gif)
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Ugh. I can't stand to even look at him WE.
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what about the guy that's actually responsible for freddie and fannie failing?
(http://www.towardequality.org/Corey-&-Barney-Frank.gif)
Maybe he didn't know all that the job end-tailed, wink-wink.