Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Freddie Mac CEO to resign
CNN ^ | March 2, 2009 | Aaron Smith

Posted on 03/02/2009 8:37:51 AM PST by SolidWood

Edited on 03/02/2009 8:39:49 AM PST by Admin Moderator. [history]

NEW YORK (CNNMoney.com) Freddie Mac's chief executive, installed last year after the government took over the troubled mortgage finance company, is resigning, the company and its regulator said Monday.

David Moffett will step down by March 13. Freddie Mac (FRE, Fortune 500) said it would announce a successor by then.


(Excerpt) Read more at politicalticker.blogs.cnn.com ...


TOPICS: Breaking News; Business/Economy; Government; Politics/Elections
KEYWORDS: 111th; bawneyfwank; bho44; freddiemac; moffett; mortgage; resignation; syron
Navigation: use the links below to view more comments.
first 1-2021-4041 next last

1 posted on 03/02/2009 8:37:51 AM PST by SolidWood
[ Post Reply | Private Reply | View Replies]

To: SolidWood

Another one down the hawser. What color is his parachute?


2 posted on 03/02/2009 8:39:41 AM PST by NonValueAdded (May God save America from its government; this is no time for Obamateurs)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SolidWood

Is this the guy that was “involved” with Barney Frank?


3 posted on 03/02/2009 8:40:38 AM PST by theDentist (Qwerty ergo typo : I type, therefore I misspelll)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SolidWood

Oh, is obama appointing him to something?


4 posted on 03/02/2009 8:41:30 AM PST by goodwithagun (My gun has killed less people than Ted Kennedy's car.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SolidWood

I guess $500k wasn’t enough pay?


5 posted on 03/02/2009 8:42:07 AM PST by o_zarkman44 (Obama is the ultimate LIE!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: theDentist

Nope, that’s Herb Moses from Fannie Mae.


6 posted on 03/02/2009 8:42:45 AM PST by SolidWood (Palin: "In Alaska we eat therefore we hunt.")
[ Post Reply | Private Reply | To 3 | View Replies]

To: SolidWood

with corporate ceo’s on the run,

why shouldn’t barney frank, chris dodd, chuck schumer et al

resign?


7 posted on 03/02/2009 8:43:21 AM PST by ken21 (the only thing we have to fear is fdr deja vu.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SolidWood

ya think?


8 posted on 03/02/2009 8:44:08 AM PST by wolf78 (Cranky Libertarian - equal opportunity offender)
[ Post Reply | Private Reply | To 1 | View Replies]

To: theDentist

NO he left a few years back, IIRC,


9 posted on 03/02/2009 8:45:04 AM PST by Tarpon (It's a common fact, one can't be liberal and rational at the same time.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: NonValueAdded

BROWN!


10 posted on 03/02/2009 8:45:59 AM PST by bigbob (-)
[ Post Reply | Private Reply | To 2 | View Replies]

To: SolidWood

http://www.youtube.com/watch?v=1RZVw3no2A4&feature=channel_page

A great video on who caused the mortgage problem!


11 posted on 03/02/2009 8:46:59 AM PST by Kansas58
[ Post Reply | Private Reply | To 1 | View Replies]

To: SolidWood
Now that he has no doubt made his alloted millions he leaves - Most likely to an even more lucrative position given to him by one of his fellow ‘Club’ Members.

Of course, no Claw Backs. Nope, let's just bury the past a ‘Look forward’ dontcha know.

12 posted on 03/02/2009 8:48:23 AM PST by TCats
[ Post Reply | Private Reply | To 1 | View Replies]

To: TCats; theDentist

I saw this guy on Bloomberg a couple of weeks ago, and you could tell how exasperated he was with the Feds, who were trying to force Freddie Mac into buying more sub-prime loans...He was like “Uh, isn’t this what got us into this mess in the first place?”


13 posted on 03/02/2009 8:51:11 AM PST by Boiling Pots (The Gov't trying to fix the economy is like the Three Stooges trying to fix your plumbing)
[ Post Reply | Private Reply | To 12 | View Replies]

To: SolidWood

Time to bring back the corrupt bureaucrats in the pockets of the dems I guess.


14 posted on 03/02/2009 8:51:21 AM PST by penelopesire ("The only CHANGE you will get with the Democrats is the CHANGE left in your pocket")
[ Post Reply | Private Reply | To 1 | View Replies]

To: Boiling Pots

Yep...I hope he blows the whistle on the dems big time!


15 posted on 03/02/2009 8:52:15 AM PST by penelopesire ("The only CHANGE you will get with the Democrats is the CHANGE left in your pocket")
[ Post Reply | Private Reply | To 13 | View Replies]

To: SolidWood

I wonder it this a a slot for Hank Paulsen?


16 posted on 03/02/2009 8:53:12 AM PST by texmexis best (uency)
[ Post Reply | Private Reply | To 1 | View Replies]

To: o_zarkman44
$500,000 is nothing to Moffett. I doubt he even took the job for the money.

I'm shocked, shocked that a man like this, who's had an extremely successful career in the private sector, can't stand working for the government. Good luck finding talented people to run the banks when the government owns all of them.

17 posted on 03/02/2009 8:58:21 AM PST by Arguendo
[ Post Reply | Private Reply | To 5 | View Replies]

To: Boiling Pots; theDentist

Are you saying he is one of the ‘Good’ guys? If he is, I retract my previous rant.


18 posted on 03/02/2009 8:59:54 AM PST by TCats
[ Post Reply | Private Reply | To 13 | View Replies]

To: TCats

He appeared to be, and considering he has resigned, it’s pretty certain.


19 posted on 03/02/2009 9:05:45 AM PST by Boiling Pots (The Gov't trying to fix the economy is like the Three Stooges trying to fix your plumbing)
[ Post Reply | Private Reply | To 18 | View Replies]

To: SolidWood

So which is it....he saw what was going on and didn’t want to wind up in future scape goat prison, or he’s already stolen enough and worked out a sufficiently golden parachute?


20 posted on 03/02/2009 9:09:49 AM PST by Oldpuppymax (AGENDA OF THE LEFT EXPOSED)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson