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1:00pm

Fri December 16, 2011
Law

SEC Charges Fannie Mae, Freddie Mac Officials

The Securities and Exchange Commission is going after former top executives at Fannie Mae and Freddie Mac for allegedly committing securities fraud.

The mortgage giants had to be taken over by the government in 2008 and then propped up by taxpayers. The SEC says the officials misled investors about the firm's exposure to subprime mortgages

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1:00pm

Fri December 16, 2011
Music Interviews

Cam Penner Spins Road Stories On 'Gypsy Summer'

Originally published on Wed December 28, 2011 5:35 pm

Cam Penner's latest album is Gypsy Summer.
Courtesy of the artist

When your grandfather is a bootlegger and your family runs an illegal small-town roadhouse, you must have a lot of stories to tell. Cam Penner does, and he tells them in his music. The Canadian singer-songwriter's latest album is titled Gypsy Summer.

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12:58pm

Fri December 16, 2011
Law

SEC Sues Former Freddie, Fannie Executives

Originally published on Fri December 16, 2011 1:24 pm

Transcript

RENEE MONTAGNE, HOST:

In federal court in New York this morning, the Securities and Exchange Commission charged six top executives of Fannie Mae and Freddie Mac with civil fraud. The SEC says the executives of the giant mortgage companies mislead investors about the amount of subprime loans their companies held during the housing bust. NPR's John Ydstie reports.

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12:49pm

Fri December 16, 2011
The Two-Way

Slugger Barry Bonds Sentenced To One Month House Arrest

Baseball slugger Barry Bonds will serve 30 days in house arrest for his obstruction of justice conviction back in April.

The San Francisco Chronicle reports:

"Bonds sat stoically as U.S. District Judge Susan Illston told baseball's home run king that he had avoided prison but must spend one month in his two-acre Beverly Hills estate, two years on probation, serve 250 hours of community service and pay a $4,000 fine.

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12:30pm

Fri December 16, 2011
The Record

Music In Holiday Concerts Thorny Subject For Public Schools

Originally published on Mon December 19, 2011 10:59 am

A choir in Little Rock, Ark., performs.
dlewis33 istockphoto.com

Public school music teachers are heroes. They coach tiny fourth graders to play violins. The get 60 restless middle schoolers to play the same music at the same time. But their trickiest task of the year might be making selections for the winter concert.

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