Freddie Mac exec facing possible SEC charges
(Reuters) – A top Freddie Mac (FMCC.OB) executive received notice the government may file charges against him for allegedly violating securities laws in the years leading up to the housing bust, according to a regulatory filing (page 292) released on Thursday.
Executive Vice President Don Bisenius received a “wells notice” from the Securities and Exchange Commission that the agency is considering filing an enforcement action against him for possibly violating federal securities laws and related rules in 2007 and 2008.
The revelation comes just days after a former Freddie Mac chief financial officer Anthony Piszel also received a similar warning from the SEC. Piszel, who was the mortgage giant’s CFO between 2006 and 2008, was forced to resign earlier this month from CoreLogic Inc (CLGX.N), where he was working as the company’s chief financial officer.
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What are they going to do? Take away his Spa privilege for 30 days?
All our regulatory agencies are a complete joke.
Very interesting, they are going after a few scapegoats. When a Government can be allowed to steal everthing from it’s own people using scapegoats to perp the crimes and then punish their own people for the perps crimes that is FACSISM. DEMOCRACY IS A SHAM, IT IS A VERY DECEPTIVE DISGUISE. They will continue to use a few scapegoats here and there to cover their asses but in reality this is not justice and it is a distraction and an illusion. We are no more a free country than any of these nations that are revolting against their own dictatroships. These dictatorships were clearly under the control of the U.S. Government and there is much proof of this. Our media tries to paint these dictators as evil but the dictatorship in America is much more evil because it is also a facsist dictatorship disguising itself as a Democracy with freedom, liberty and justice for all. That is a very deceptive lie. The American people will prevail. Dictatorships always burn down and fail.