Ex-Fannie CEO apologizes, faults business model

Ex-Fannie CEO apologizes, faults business model – The former chief of Fannie Mae (FNM) apologized and accepted responsibility on Friday for its failings. “I was the CEO of the company and I accept responsibility for everything that happened on my watch,” said Daniel Mudd at a hearing before a congressional investigative panel assigned to probe the origins of the 2007-2009 financial crisis – Reuters

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