Fannie Mae's Former Chief Fights to Clear His Name

The former Fannie Mae chief faces an SEC suit over disclosures
Dan Mudd: "I've told my legal team, 'If you use the word "settle," I will fire you.'" Photograph by Susan Walsh/AP Photo

After Daniel Mudd was forced out as chief executive officer of Fannie Mae when the government seized the company in September 2008, he headed for the river. In the weeks following his dismissal, the 6-foot-4 former Marine, a onetime U.S. Olympic rowing prospect, buzzed his receding gray hair into military style and took a boat out on the Potomac—gathering strength to rebuild his career, according to his friends.

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