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Fannie Mae chief will stand down

Michael Williams

Michael Williams, the chief executive of US mortgage giant Fannie Mae, will step down once a successor has been found, the company says. Mr Williams was put in charge of Fannie Mae in 2009 after the firm had been rescued by the US government at the height of the financial crisis.

 

Fannie Mae chief tapped to head U.S. bank rescue

The executive chosen to lead Fannie Mae through a government takeover has been tapped to oversee the $700 billion rescue of the ...

 

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