“Federal prosecutors in Alexandria are leading a criminal investigation into Freddie Mac, in part focusing on whether the company properly disclosed the risks associated with mortgage-related investments, law enforcement sources familiar with the investigation said yesterday. A parallel civil investigation into disclosure, accounting and corporate governance issues at Freddie Mac is also underway at the Securities and Exchange Commission, the company said in a March regulatory filing, which also disclosed the U.S. attorney’s investigation.” (Washington Post, Thursday)
One of the government’s bad boys.
FEE Timely Classic
“Nationalization of the Mortgage Market” by Robert P. Murphy
