Ex-Fannie CEO Mudd Quit Hedge Fund Rather Than Settle SEC Suit

Bloomberg – After the U.S. government snatched Fannie Mae from the brink of collapse in 2008 and forced out its chief executive officer, Daniel H. Mudd, he headed for the river.

The 6-foot-4 former Marine, a onetime U.S. Olympic rowing prospect, buzzed his receding gray hair into military style and took a boat out on the Potomac — gathering strength to rebuild his career, according to his friends. Within months, he put his $9.5 million Washington mansion up for sale and took the helm at a New York-based hedge fund, Fortress Investment Group.

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