Sen. Scott Brown of Massachusetts says the civil lawsuit filed by the Securities and Exchange Commission (SEC) last week against six former executives of Fannie Mae and Freddie Mac “does not go nearly far enough.” Brown is pressing the Department of Justice and the SEC to immediately open criminal investigations into Fannie and Freddie. The senator says authorities need to take a closer look at the GSEs’ business dealings prior to the housing collapse and their disclosure of subprime mortgage holdings.
DSNews.com Article Feed