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Richard Syron, the former chief executive officer of Freddie Mac, and Daniel Mudd, ex-CEO of Fannie Mae, were sued by the U.S. Securities and Exchange Commission over disclosures they made about subprime loans.

Complaints were filed against the two men today in Manhattan federal court. Also sued by the regulator were Enrico Dallavecchia, who was chief risk officer for Fannie Mae; Thomas Lund, Fannie’s Mae’s former executive vice president; Patricia Cook, Freddie Mac’s former executive vice president; and Donald Bisenius, who was a senior vice president at Freddie Mac.

“This action arises out of series of materially false and misleading public disclosures,” the SEC said in the complaint filed against Syron. The agency seeks unspecified damages against the defendants. Fannie Mae or Freddie Mac aren’t named as defendants in the case.

Read more at:

http://www.washingtonpost.com/business/ex-freddie-mac-fannie-mae-chiefs-sued-by-sec-over-loans/2011/12/16/gIQAnLPGyO_story.html

J. W. Marriott Jr., who built the company his parents started as a District root beer stand in 1927 into one of the biggest hotel chains in the world, is retiring as chief executive after 39 years, ending a storied run in American business history.

Marriott, who is essentially a grandfather of the hotel industry in the Washington region and internationally, is turning over control of Marriott International to Arne M. Sorenson, a trusted lieutenant who emerged as the likeliest successor after Marriott’s second-oldest son John left the company in 2005.

The company Sorenson takes over has more than 3,000 hotels in 67 countries and territories, generating just shy of $12 billion a year in revenue while employing more than 146,000 people. In the greater Washington region, there are about 15,000 employees.

“It’s time,” Marriott said in an interview. “It’s time to do this and I’m happy to be turning over the company to Arne. The family has great trust and confidence in him.”

Gingrich calls Palestinians an "invented" people

U.S. Republican presidential candidate Newt Gingrich thrust himself into controversy on Friday by declaring that the Palestinians are an “invented” people who want to destroy Israel.

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Gay Tennessee Student Ends Life After Years of Bullying

A senior at Cheatham County Central High School in Ashland City, a small town in Cheatham County in north-central, Tenn., took his life on Wednesday, Dec.

Read more about Gay Tennessee Student Ends Life After Years of Bullying here

Obamas walk to church across from White House

President Barack Obama with first lady Michelle Obama, left, and their daughters Sasha and Malia, right, walk from the White House in Washington to attend a Sunday service at nearby St.

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Jesus of Nazareth Responds To Rick Perry’s Anti-Gay Ad

Here’s another response to Rick Perry’s anti-gay, Christian-exploiting ad , this one from Jesus of Nazareth himself. Mr. Of Nazareth is most displeased with Perry’s performance, but throughout his rebuttal Jesus maintains his famously sunny disposition.

Read more about Jesus of Nazareth Responds To Rick Perry’s Anti-Gay Ad here