Do you have any idea what kind of hell I would have to be in to quit after six months in this economy. I don't care if my job was the dirtiest of 'Dirty Jobs' on
the Discovery Channel you couldnt get me to quit a job in six months.
The CEO of embattled mortgage titan Freddie Mac (FRE), who was installed last year to head the company after the federal government took it over, announced Monday that he is resigning.
David Moffett will leave his position by March 13. He had indicated that he wants to return to the financial services industry. Good luck because everyone is hiring.
His announcement comes as a critical juncture, leaving the financially battered company — a crucial segment of the beleaguered housing market — with no foreseeable leader.
It also comes as Freddie Mac seeks billions of dollars more in federal financial help and is being hailed by the Obama administration as a vehicle for restoring confidence to the housing market.
Freddie officials said Monday that an interim successor will be named before Moffett departs.
Oh Oh I want that job! Pick me.
-Christopher Rockey
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