ML-Implode News - BofA Banker Sued by Regulator Later Joined Fannie Mae

``Glassner's hiring illustrates the government's dilemma as the U.S. recruits skilled managers to navigate the mortgage mess from the same industry responsible for causing it. In this case, Fannie Mae added a banker whose conduct was criticized by its own regulator less than five months earlier.
"There aren't that many people out there with expertise that don't have a potentially tainted background," saidIsaac Gradman, a lawyer at Perry Johnson Anderson Miller & Moskowitz LLP in Santa Rosa, California, who works with investors and insurers in such cases. "I would hope they would pull from the population with mortgage expertise that didn't engage in the type of conduct that caused the crisis." ''

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BofA Banker Sued by Regulator Later Joined Fannie Mae