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Published July 05, 2012, 12:00 AM

Former Freddie Mac and Frannie Mae CEOs testify on Capitol Hill in Washington


In this Dec. 9, 2008, file photo, former Freddie Mac CEO Richard Syron, left, and former Fannie Mae CEO Daniel Mudd wait to testify on Capitol Hill in Washington. The former Countrywide Financial Corp., whose subprime loans helped start the nation’s foreclosure crisis, made hundreds of discount loans to buy influence with members of Congress, congressional staff, top government officials and executives of troubled mortgage giant Fannie Mae, according to a House report. (AP Photo/Susan Walsh, File)
Read the article: Report: Countrywide won influence with discounts