Rumormill: McFarland quit Fannie Mae because of net worth sweep $FNMA #FANNIEGATE
On February 21, 2013, Fannie Mae (formally, the Federal National Mortgage Association) appointed David C. Benson, age 53, as Executive Vice President and Chief Financial Officer of the company, effective as of the first day following the filing of the company’s annual report on Form 10-K for the year ended December 31, 2012 (the "2012 Form 10-K").
Mr. Benson will succeed Susan R. McFarland as Fannie Mae’s Chief Financial Officer. Ms. McFarland will be resigning as Executive Vice President and Chief Financial Officer effective as of the first day following the filing of the company’s 2012 Form 10-K. She will remain employed by the company as a senior adviser for a transition period that will end no later than June 30, 2013.
http://www.sec.gov/Archives/edgar/data/310522/000129993313000390/htm_47186.htm
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Glen Bradford
Investor · Builder · Writer
MBA from Purdue. Former hedge fund manager. Holds 26 series of Fannie Mae and Freddie Mac junior preferred stock. Built Cloud Nimbus for Salesforce consulting. Author of Act As If. Writes about investing, building things, and the longest financial fraud in American history.
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