Hi,
ja geht es noch. Demnächst bekommen die Drahtzieher, die Fannie in die Scheiße geritten haben, noch einen Orden.
And he isnt even going to pay it.
The penalty the U.S. government just levied on one of the highest ranking former officials of Fannie Mae wouldnt even buy a used Volkswagen diesel Sportwagen.
On Monday afternoon, Thomas Lund settled charges brought by the Securities and Exchange Commission back in 2011 that he helped deceive shareholders of Fannie Mae in the run-up to the financial crisis. Fannie had to be rescued by the government in early September 2008, and many see the giant mortgage insurers misconduct as one of the main contributors to the meltdown. The suit claimed that Lund, who was the head of Fannies single-family division, helped hide more than $100 billion of subprime exposure from Fannies shareholders, allowing it to continue to back more and more risky loans.
Lunds penalty for his role: a mere $10,000. Whats more, the penalty wont even be considered a fine. The SEC agreed to classify the payment officially as a gift to the U.S. government, not an actual punishment. But the worst part is this: Lund wont even pay
fortune.com/2015/09/22/fannie-mae-lund/
ja geht es noch. Demnächst bekommen die Drahtzieher, die Fannie in die Scheiße geritten haben, noch einen Orden.
And he isnt even going to pay it.
The penalty the U.S. government just levied on one of the highest ranking former officials of Fannie Mae wouldnt even buy a used Volkswagen diesel Sportwagen.
On Monday afternoon, Thomas Lund settled charges brought by the Securities and Exchange Commission back in 2011 that he helped deceive shareholders of Fannie Mae in the run-up to the financial crisis. Fannie had to be rescued by the government in early September 2008, and many see the giant mortgage insurers misconduct as one of the main contributors to the meltdown. The suit claimed that Lund, who was the head of Fannies single-family division, helped hide more than $100 billion of subprime exposure from Fannies shareholders, allowing it to continue to back more and more risky loans.
Lunds penalty for his role: a mere $10,000. Whats more, the penalty wont even be considered a fine. The SEC agreed to classify the payment officially as a gift to the U.S. government, not an actual punishment. But the worst part is this: Lund wont even pay
fortune.com/2015/09/22/fannie-mae-lund/