Fannie Mae – A Look At Some Top Officials And Their Holdings Raises Questions

Fannie Mae & Freddie Mac - Senator Mark Warner's Financial Disclosure by Travis Rothell and Jacob Wolinsky

On June 25, 2013 Senator Bob Corker (R-TN) and Senator Mark Warner (D-VA) introduced The Corker-Warner Housing Finance Reform and Taxpayer Protection Act (S.1217) to wind down government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. After reviewing senate financial disclosures from 2006-2008 it has come to light that both Corker and Warner were shareholders in Fannie Mae and Freddie Mac, of which they both took financial losses due to the subprime mortgage crisis.  In a Financial disclosure dated 2009 Mark Warner disclosed many subprime mortgage investment including the infamous Countrywide.  We now must ask ourselves two questions, the first being can two individuals that sustained...