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February 28, 2011
More SEC Trouble For Freddie Mac
The U.S. Securities and Exchange Commission appears to be deepening its investigation of Freddie Mac, reports The Wall Street Journal.
The U.S. Securities and Exchange
Commission appears to be deepening its investigation
of Freddie Mac. The
government-sponsored enterprise said Donald
Bisenius, executive v.p. in charge of single-family
credit guarantees, has received a Wells notice from the SEC,
shortly following receipt of a notice by Anthony Piszel, the agencys former cfo
who left in 2008. While Freddie Macs filing with the SEC
did not offer details about allegations, observers believe the
notices stem from a 2008 SEC investigation into whether the
agency has violated federal securities laws.
Click here to read the story from The Wall Street