Fannie Mae Preferred S (FNMAS)

[bradford86]

The execs left because they would be exempt from legal liability, whereas if they stayed they knew that they would be defamed by treasury, FHFA and the Fed and embroiled in litigation and the media would take the government's side. They knew what the government was capable of after it destroyed Frank Raines.

By the way you're completely wrong about Jeffrey Skilling and Enron. Skilling resigned a few months before the company blow up because he saw the writing on the wall. afterwards he defended himself, though no one believed him.