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Author Topic: Freddie Mac Boss David Moffett Quits  (Read 1675 times)

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Offline bijou

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Freddie Mac Boss David Moffett Quits
« on: March 02, 2009, 11:53:42 AM »


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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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Offline DumbAss Tanker

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Re: Freddie Mac Boss David Moffett Quits
« Reply #1 on: March 02, 2009, 11:57:46 AM »
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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Offline Wretched Excess

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Re: Freddie Mac Boss David Moffett Quits
« Reply #2 on: March 02, 2009, 11:59:53 AM »
what about the guy that's actually responsible for freddie and fannie failing?
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Offline DixieBelle

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Re: Freddie Mac Boss David Moffett Quits
« Reply #3 on: March 02, 2009, 12:07:26 PM »
Ugh. I can't stand to even look at him WE.
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Offline JohnnyReb

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Re: Freddie Mac Boss David Moffett Quits
« Reply #4 on: March 02, 2009, 12:30:43 PM »
Quote from: Wretched Excess on March 02, 2009, 11:59:53 AM
what about the guy that's actually responsible for freddie and fannie failing?


Maybe he didn't know all that the job end-tailed, wink-wink.
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