Freddie Mac CEO to resign

CNN ^ | March 2, 2009 | Aaron Smith

[SolidWood]

NEW YORK (CNNMoney.com)

[NonValueAdded]

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

[theDentist]

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

[goodwithagun]

Oh, is obama appointing him to something?

[o_zarkman44]

I guess $500k wasn’t enough pay?

[SolidWood]

Nope, that’s Herb Moses from Fannie Mae.

[ken21]

with corporate ceo’s on the run,

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

resign?

[wolf78]

ya think?

[Tarpon]

NO he left a few years back, IIRC,

[bigbob]

BROWN!

[Kansas58]

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

A great video on who caused the mortgage problem!

[TCats]

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.

[Boiling Pots]

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?”

[penelopesire]

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

[penelopesire]

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

[texmexis best]

I wonder it this a a slot for Hank Paulsen?

[Arguendo]

$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.

[TCats]

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

[Boiling Pots]

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

[Oldpuppymax]

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?