The suit claimed that Lund, who was the head of Fannie’s single-family division, helped hide more than $100 billion of subprime exposure from Fannie’s shareholders, allowing it to continue to back more and more risky loans.
The settlement: $10,000. Read more here: http://fortune.com/2015/09/22/fannie-mae-lund/
Congrats Thomas Lund. Millions of people lost billions (in aggregate) on your bad decisions/actions, including more than 4 million people who lost their homes.
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