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    SEC Files Civil Fraud Suit Against Former Fannie And Freddie Execs

    Six former top executives of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) "knew and approved of misleading statements claiming the companies had minimal holdings of higher-risk mortgage loans, including subprime loans" and have now been accused of securities fraud in a civil suit, the Securities and Exchange Commission just announced.

    As The Associated Press says, "those charged include the agencies' two former CEOs, Fannie's Daniel Mudd and Freddie's Richard Syron. They led the companies when the housing bubble burst in late 2006 and 2007. The four other top executives also worked for the companies during that time. The case was filed in federal court in New York City. Lawyers for Mudd and Syron couldn't be reached."

    According to the SEC, its complaint:

    "Alleges that, when Fannie Mae began reporting its exposure to subprime loans in 2007, it broadly described the loans as those "made to borrowers with weaker credit histories," and then reported ... less than one-tenth of its loans that met that description. Fannie Mae reported that its 2006 year-end Single Family exposure to subprime loans was just 0.2 percent, or approximately $4.8 billion, of its Single Family loan portfolio. Investors were not told that in calculating the Company's reported exposure to subprime loans, Fannie Mae did not include loan products specifically targeted by Fannie Mae towards borrowers with weaker credit histories, including more than $43 billion of Expanded Approval, or 'EA' loans."

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    NPR

    Bob Odenkirk Mixes Laughter And Law In 'Breaking Bad' And 'Better Call Saul'

    The actor's fast-talking, sleazeball character Saul Goodman has been known to bend the law — and to break it. The second season of Better Call Saul begins Feb. 15. Originally broadcast Aug. 6, 2013.
    NPR

    What The Heck Is Natural Wine? Here's A Taste

    Natural wines can be off-putting at first: perhaps darker than usual, a little fizzy or cloudy. Some find them charming, others unsophisticated. Here's a guide to this trending, quirky style of wine.
    WAMU 88.5

    The Politics Hour - February 12, 2016

    D.C. Council Member Yvette Alexander (D-Ward 7) joins Kojo and Tom Sherwood to chat about her upcoming fight for re-election.

    NPR

    Colonialism Comment Puts Facebook Under Scrutiny

    A board member of Facebook lambasted a decision by regulators in India, the social network's second-largest market. He thereby sparked new scrutiny of Facebook's intentions in that country.

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