Chief of Freddie Mac Resigns

[kpete]

Source: New York Times

Chief of Freddie Mac Resigns
By THE NEW YORK TIMES
Published: March 2, 2009

The struggling mortgage lending giant Freddie Mac said Monday that its chief executive, David M. Moffett, is resigning effective March 12.

The board, in a statement, said it was working with its regulatory overseer, the Federal Housing Finance Agency, to find a successor.

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 federal government in September amid losses because of a decline in the value of their holding, receiving a lifeline of $200 billion.

In a statement, Freddie Mac said that Mr. Moffett had indicated that he wanted to return to a role in the financial services sector

Read more: http://www.nytimes.com/2009/03/03/business/03freddie.html

[ellenfl]

1. moffett's looking for another financial entity to take down? eom

[JayMusgrove]

2. I think Citigroup might need him....LOL if not.

they are hiring for the second shift at my local McDonalds, $7.90 an hour from 2 to 10 PM, but you get free burgers and fries while on break.

[lapfog_1]

4. I don't believe that employees ever get free burgers and fries

at MickeyDs anymore. Corporate policy. I could be mistaken, but that was the policy at a local McDonalds.

[sarcasmo]

5. HSBC would be a good place for him to go.

[Speciesamused]

3. Take the money and run.....