Daily Archives: August 15, 2013

Fannie Mae Hires an Officer it Alleges Defrauded it – and Finance Cheers

By William K. Black

Three Bloomberg reporters have done the Nation a service by ferreting out a scandal of moderate magnitude but emblematic importance.  Dakin Campbell, Jody Shenn and Phil Mattingly broke the story on August 14, 2013 that Adam Glassner, recently described, but not named, in the Department of Justice’s (DOJ) fraud suit against Bank of America (B of A), and named as a defendant by Fannie Mae’s in its fraud suit against B of A and several officers, was hired by two companies (Ally and Fannie) bailed out by Treasury.

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