Fannie Mae CEO Dan Mudd proves once again that his crystal ball is malfunctioning. In May, Mudd predicts that the government-sponsored
mortgage lender will "feast" on weakened competition in the mortgage market - even as its own prospects dim amid mounting credit losses and asset writedowns.
By September, on the brink of collapse, Fannie gets a new owner - Uncle Sam - and Mudd loses a job. -- By Colin Barr, Fortune senior writerWhat do you think was the year's Dumbest Moment in Business?Join the discussion
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