BY JAMES R. HAGERTY AND JOANN S. LUBLIN
Freddie Mac's chief executive, David Moffett, announced his resignation from the U.S. government-backed mortgage company six months after being installed in that post by the company's regulator as part of a federal rescue.
The resignation resulted partly from Mr. Moffett's frustration over the need to consult with regulators on all major decisions and follow public-policy mandates that he didn't necessarily see as good for the company, according to people familiar with the decision. The resignation signals the challenges the Obama administration will face in finding highly experienced bankers to head financial institutions and do the government's bidding without huge pay ...
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