Freddie director: No fiduciary duty to shareholders

posted by
February 10, 2011
New York Times    
Posted in News

"As the Obama administration works to determine the fate of Fannie Mae and Freddie Mac, a director of one of the mortgage finance giants says he has no fiduciary duty to the company’s shareholders. The federal government placed the two institutions into conservatorship in 2008, and essential [sic] owns 79.9 percent of each company." (02/09/11)  

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