Daily Archives: June 11, 2013, 12:22 pm

Fannie Mae Shareholders Challenge U.S. Takeover in Suit – Bloomberg

Fannie Mae and Freddie Mac shareholders sued the U.S., alleging that the 2008 takeover of the housing lending giants was illegal and cost investors billions of dollars. The takeover of the mortgage companies by the Federal Housing Finance Agency, “while beneficial to the economic welfare of the nation, destroyed the value of Fannie Mae’s and Freddie Mac’s common and preferred…

Read More

What Is A Board’s Responsibility For Compliance? — FCPA Professor

The publicity and costs to Wal-Mart have been well documented.  On his FCPA Professor website, Professor Koehler has consistently stated that he views this scandal as largely a failure of corporate governance. In a post entitled, “Wal-Mart One Year Later” he said, “corporate governance, or lack thereof, is what made the NY Times April 2012 remarkable.  This is the reason why…

Read More